Initial public offerings on Mainland China’s A-share markets are expected to generate record high proceeds of RMB565 billion from 495 deals this year, while the Hong Kong bourse remains a popular destination for new listings as the overall economy continues to rebound.
Proceeds from new listings in Hong Kong are expected to reach HKD356 billion from around 110 deals this year. Taken together, the number of IPOs in the Mainland China and Hong Kong accounted for 25% of the global total, according to KPMG’s latest analysis.
KPMG’s Mainland China and Hong Kong IPO markets 2021 review and 2022 outlook, shows that there is solid demand for fundraising in the A-share markets with the IPO pipeline remaining strong as active applications currently exceed 770. Buoyed by innovative companies, including both homecoming listings and biotech listings, the Hong Kong market maintained a high level of funds raised compared to its performance over the past decade. The Main Board IPO pipeline stands at a high level, with over 170 companies applying to list, indicating continued interest from issuers seeking to IPO. In terms of total IPO proceeds, the Shanghai Stock Exchange ranks third among the top 5 stock exchanges globally, followed by the Hong Kong Exchange and the Shenzhen Stock Exchange.
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