The Hong Kong IPO market has started quietly this year as geopolitical issues and economic uncertainties prevail globally amid supply chain bottlenecks and interest rate hikes. The escalation of the Omicron outbreak has also disrupted IPO and other fundraising activities on the local bourse. Activity is, however, expected to bounce back over the coming months with a strong IPO pipeline across different sectors. With the largest IPO in a decade debuting in the A-share market, the Shanghai Stock Exchange ranked top among the top five stock exchanges with USD17.3 billion in IPO proceeds recorded during 2022 Q1 YTD.
The analysis, from KPMG’s Mainland China and Hong Kong IPO markets 2022 Q1 Review shows that, total funds raised globally was USD52.2 billion during 2022 Q1 YTD, down 54% from the first quarter of 2021, but still managing to stay at a high level as it has over the past five years.