Hong Kong IPO financing volume soars tenfold in early 2026

LootboxPhobia · 2026-03-11T12:54:51+00:00

As of early March, Hong Kong IPO financing exceeded HKD 97 billion, approximately 10 times the amount in the same period in 2025. Despite the accelerated fundraising, the market still faces pressure, and the Hang Seng Index has declined this year. CICC leads in IPO sponsorship, mainly focusing on semiconductor and artificial intelligence sectors. Mainland Chinese brokerages dominate project reserves.

LootboxPhobia

2026-03-11 12:54:51

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Investing.com – According to Morgan Stanley data, as of early March, Hong Kong’s initial public offering (IPO) fundraising exceeded HKD 97 billion, about 10 times the amount raised during the same period in 2025.

Despite the acceleration in fundraising activities, the Hong Kong market still faces resistance, with the Hang Seng Index down 1.6% year-to-date and the Hang Seng Tech Index down 8.3%.

Market liquidity has supported IPO activities, with daily average trading volume reaching HKD 273 billion, a 9% increase compared to the entire year of 2025.

CICC leads the rankings, advising on 12 out of 28 transactions, accounting for 27% of the market share by fundraising amount. The company maintained its market share level from 2025.

This year, CICC’s sponsored transactions mainly focus on semiconductors, technology hardware, and artificial intelligence sectors. The average deal size is $560 million, 26% higher than the overall market average.

Mainland Chinese brokerages continue to dominate IPO reserve projects, with over 380 transactions included. CITIC Securities has 103 sponsored deals in reserve projects, and CICC has 102. Huatai Securities follows with 59 sponsored deals.

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