Chinese Mainland and Hong Kong IPO Markets Q1 2023 Review
•
Hong Kong IPO market: 2023 Q1 highlights
Another resilient start to the year
Hong Kong posted an increase in the number of deals despite being
heavily impacted by global IPO sentiment, which is a testament to
the city's resilience as an international financial centre.
• Similar to its global peers, Hong Kong did not complete any major
sizeable deals during 2023 Q1, leading to a significant decrease in
funds raised.
Launch of Specialist Technology Companies regime
• Following the successful implementation of the listing regimes for
innovative companies and SPAC, the Hong Kong Stock Exchange
has further enhanced the capital market by launching the Specialist
Technology Companies regime, which becomes effective on 31 March
2023.
• The regime provides an alternative route for high-growth enterprises
to list in Hong Kong, providing those companies with access to the
city's deep pool of capital, and continuing to bolster Hong Kong's
competitiveness and attractiveness.
HKIPO activity in 2023 Q1
HKD 6.7B
↓~50%
compared to 2022 Q1
18 Deals
- 20%
compared to 2022 Q1
Specialist Technology
Next-generation
information technology
New energy &
environmental
protection
Advanced
hardware
and software
Advanced
materials
New food &
agriculture
technology
Note: All figures are as of 23 March 2023, adjusted to number of confirmed listings up to 31 March 2023, included listing by introduction, and excluded SPAC deals and GEM transfer
Source: HKEx and KPMG analysis
KPMG
© 2023 KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms
affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved
Chinese Mainland and Hong Kong IPO markets
| 15View entire presentation