Deloitte Raises HK IPO Fundraising Forecast to HK$480B, Poised to Beat 2010 Record
SingTao · 2 SOURCESabout 5 hours ago2 MIN
Summary
Deloitte released its 2026 Q1-Q3 IPO market review and outlook report on September 24, announcing a significant upward revision to Hong Kong's full-year IPO fundraising forecast. The professional services firm now projects at least HK$480 billion in total proceeds, a 60% jump from its earlier estimate of HK$300 billion, positioning the market to potentially surpass the 2010 record of approximately HK$449.5 billion. Hong Kong Exchange secured the global second position for IPO fundraising in the first nine months, with 116 new listings raising HK$387.9 billion, representing 112% year-on-year growth. Deloitte's partners highlighted strong market fundamentals, AI sector momentum, and a pipeline of mega-listings as key drivers behind the optimistic outlook.
Key Points
- Hong Kong Exchange ranked second globally in IPO fundraising during Q1-Q3 2026, with 116 new listings raising HK$387.9 billion, up 76% and 112% respectively year-on-year
- Deloitte upgraded its full-year forecast from HK$300 billion to at least HK$480 billion, a 60% increase, expecting approximately 160 new listings for 2026
- Au Zhenxing, Deloitte China South China Senior Managing Partner, forecast 3-4 mega-listings in Q4, each raising HK$10 billion or more
- Nasdaq topped the global rankings with SpaceX and SK Hynix among major listings; NYSE ranked third, Shanghai fourth, and India's National Stock Exchange fifth
- 73% of Hong Kong's financing was concentrated in 9 mega-listings and 20 large listings, with 38 A+H dual listings accounting for nearly 70% of total proceeds
Why It Matters
Hong Kong's IPO market resurgence signals renewed global investor confidence in the city's financial ecosystem, particularly as mainland AI and hard-tech firms increasingly choose dual listings to access international capital . The potential breaking of the 2010 fundraising record after 16 years would mark a historic milestone, reinforcing Hong Kong's position as Asia's premier listing destination amid intensifying regional competition . The influx of AI-sector IPOs aligns with China's 15th Five-Year Plan strategic priorities, potentially accelerating the city's transformation into a technology financing hub .
Hong Kong's IPO market resurgence signals renewed global investor confidence in the city's financial ecosystem, particularly as mainland AI and hard-tech firms increasingly choose dual listings to access international capital . The potential breaking of the 2010 fundraising record after 16 years would mark a historic milestone, reinforcing Hong Kong's position as Asia's premier listing destination amid intensifying regional competition . The influx of AI-sector IPOs aligns with China's 15th Five-Year Plan strategic priorities, potentially accelerating the city's transformation into a technology financing hub .