The first half of 2026 marked another strong performance for Hong Kong’s IPO market, with HK$209.9 billion raised across 85 new listings – the strongest first-half result in five years, according to KPMG’s Chinese Mainland and Hong Kong IPO Markets 2026 Mid-Year Review. The city recorded 24 A+H listings and 13 specialist technology IPOs during the period, both of which already surpassed their full-year totals from 2025, and together accounted for more than 70% of total funds raised in the first half. These listings are expected to continue driving the city’s IPO momentum for the remainder of 2026.
Looking ahead, the market boasts a record-breaking pipeline of over 500 active IPO applicants (including confidential filings). Of these, 443 applications were publicly filed as of 26 June 2026, representing a 52% increase from the start of the year. Among these, 116 are A+H applications and 145 are technology companies, both of which continue to be the primary growth engines of Hong Kong's IPO market.
