Chinese Mainland and Hong Kong IPO Markets Q1 2023 Review
Global top 5 stock exchanges
Rank
Stock exchange
IPO proceeds
(USD billion) 1
1
2023
Shanghai Stock Exchange
6.2
2
Shenzhen Stock Exchange
4.8
Q1
3
YTD
Abu Dhabi Securities Exchange
2.6
4
NASDAQ Stock Exchange
2.1
5
HKEX
0.9
(USD billion)
17.9
1 sizeable IPO deal raising
over US$1 billion in 2023 Q1
compared to 7 of such deals in 2022 Q1
IPO proceeds
Rank
Stock exchange
2022
1
Shanghai Stock Exchange
Q1
2
Korea Stock Exchange
YTD
3
Shenzhen Stock Exchange
4
Saudi Stock Exchange
5
NASDAQ
10.9
9.2
3.8
2.7
IPO proceeds
Rank
Stock exchange
(USD billion)
2022
1
Shanghai Stock Exchange
(Full
2
Shenzhen Stock Exchange
year)
3
HKEX
4
Korea Stock Exchange
5
Frankfurt Stock Exchange
56.5
31.1
12.8
11.3
9.1
Analysis based on actual data as at 23 March 2023 and KPMG estimates forecasted to 31 March 2023.
Sources: Bloomberg and KPMG analysis, included REIT deals and excluded special purpose acquisition company ("SPAC" or "blank check") deals.
(1)
(2)
The exchange rate for USD/HKD is 7.75.
(3)
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
A-share stock exchanges
contributed
2
2
50% of global proceeds and
~ 30% of no. of deals
In 2023 Q1
Chinese Mainland and Hong Kong IPO markets | 5View entire presentation