2024 H1 HK fund raising below expectations as small and mid-sized IPOs dominant

On June 25, 2024, CBI released the "Hong Kong IPO Listing and Applications Insight – 2024 H1 Review" report. Since the first report released in December last year, we have continued to strengthen our data analysis. We have added new statistics about the IPO activities of legal advisors this time to provide more comprehensive content to meet the needs of sponsors, lawyers and professional parties.

The Hong Kong IPO market in 2024 H1 was dominated by small and medium-sized listings with valuations lower than those in the previous years. The total fund-raising size in 2024 H1 fell below market expectations, landing at approximately HK$13.1 billion only, representing a decrease of 27% compared to the same period last year. For IPO applications, the market activity in 2024 H1 continues at a low level, with 114 IPO applications during the period, of which 57 were initial applications submitted by a new applicant, representing a year-on-year decrease of 13% and 2% respectively.

Review and Download full Report: https://bitly.cx/0vab