KPMG’s latest analysis finds that mainland China and Hong Kong are expected to see accelerated IPO activity in the fourth quarter of 2017, with small and medium-sized listings driving this momentum.

There were 106 IPOs in Hong Kong in the first three quarters of 2017*, an increase of 56 percent from the 68 deals recorded over the same period in 2016. Total proceeds totalled HKD 85 billion, 37 percent lower than the year-on-year total.

Meanwhile, A-share IPO market performance remained strong in the third quarter, with the total year-to-date funds raised reaching RMB 172.9 billion from 346 offerings. This figure already exceeds the total proceeds of RMB 149.6 billion from 227 listings recorded in the full year of 2016 in mainland China. 

This report analyses the A-share and Hong Kong IPO markets in the first three quarters of 2017, and provides an outlook for the rest of the year.