The latest report shows that the first public fundraising (IPO) fund -raising amount in Hong Kong in the first three quarters of this year decreased by 15%compared with the same period last year, causing the Hong Kong Exchange to fall out of the world's top five stock exchanges.
According to the Hong Kong Sing Tao Daily report on Tuesday (October 10), the Hong Kong IPO market released by KPMG China: Abstract in the first three quarters of 2023 shows that in the first three quarters of this year, a total of 44 companies applied to Hong KongListing, the fundraising amount was HK $ 24.6 billion (the same below, about S $ 4.296 billion), a decrease of 65%and 15%year -on -year, respectively.
Among them, in the third quarter of this year, only 13 companies went to Hong Kong to go public with a fund -raised amount of HK $ 6.8 billion.
From the perspective of industry distribution, the report states that the largest IPO of fundraising amount comes from the consumer market, accounting for 34%, followedtwenty one%.
The poor IPO market in Hong Kong has led to the eighth place in the ranking of the Global Stock Exchange of Hong Kong Trading.However, the report said that the number of applications for listing in Hong Kong has been increasing. As of the end of September, there have been about 110, so Hong Kong is expected to return to the Global IPO Five Five at the end of this year.
In addition, the report pointed out that the Chinese A -share IPO market continues to lead the world. This year, this year has accumulated about half of the total global fundraising, of which the Shanghai Stock Exchange and the Shenzhen Stock Exchange raised 28.7 billion US dollars (about 39.2 billion yuan)And 19.8 billion US dollars, but still fell 42%and 23%year -on -year, respectively.
The report states that despite the decline in the total funding of fundraising, the number of IPO applications in A shares is still relatively stable, and about 820 companies currently apply for listing.
