HK to be among top three IPO markets in 2025, says Deloitte

HK to be among top three IPO markets in 2025, says Deloitte

Staff reporter Hong Kong could host a mega initial public offering as soon as this quarter and has the potential to rank among the top three global IPO markets by fundraising this year, said Edward Au Chun-hing, managing partner for the southern region at Deloitte China. The city's IPO market raised...

Deloitte China said that in the first quarter of this year, there were 15 new stocks listed in Hong Kong, raising a total of HK$18.2 billion, a year-on-year increase of 2.87 times, ranking fourth in the world, second only to Nasdaq, New York Stock Exchange and Tokyo Stock Exchange. The market trading volume and valuation rebounded, driving IPO performance. Among them, tea stock Mixue (02097) raised HK$4 billion, becoming the largest new stock in…

DeepSeek AI excitement spills over to Hong Kong’s IPO market

The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region, following the news of DeepSeek’s artificial intelligence breakthrough in late January. It’s a level of excitement that has not been felt for more than three years, despite the o…

Seres Revenue Surges 305% in 2024, Set to Pursue Hong Kong IPO

Chongqing - Seres, a new energy vehicle (NEV) manufacturer in Chongqing Liangjiang New Area, released its 2024 annual report on March 31, reporting a significant financial recovery. The company recorded revenue of 145.18 billion yuan (19.97 billion USD), a 305.04% year-on-year increase, and a net profit of 5.95 billion yuan—its first return to profitability since 2022. Series incurred net losses of 3.83 billion yuan in 2022 and 2.45 billion yuan…