Hong Kong’s IPO Market Is Finally Starting to Turn Around

Marcia Ellis, global co-chair of the firm’s Private Equity practice, was quoted in the article “Hong Kong’s IPO market is finally starting to turn around, consulting firm EY says” published on CNBC.

The article highlighted Hong Kong's initial public offering (IPO) market is poised to improve significantly over the next five years.

Marcia Ellis, Global Co-Chair of the firm’s Private Equity practice, echoed this optimistic view, noting that Hong Kong has a strong IPO pipeline for the second half of 2024.

“Our HK cap markets team is very busy and has a strong pipeline for H2. We expect to see many HKSE listings,” said Marcia.

“Many companies that were waiting for a listing in mainland China’s A share market have decided to switch to one in Hong Kong," she said. “Previously [China Securities Regulatory Commission] approval was slowing things down but recently our team has gotten CSRC approvals pretty quickly.”

In June, China issued new measures to promote the venture capital ecosystem, and authorities spoke publicly about supporting IPOs, particularly in Hong Kong. Investors and analysts said they are now looking at the speed of IPO approvals as a potential sign of a significant change.

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