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Investor Presentaiton

Hong Kong IPOs: overview ■ The Main Board recorded 132 new listings during the year for a combined HKD389.3 billion. While the number of completed Main Board IPOs this year is comparable to the corresponding period in 2019, total funds raised increased by 24 percent, bolstered by several sizeable US-listed, Chinese-based firms completing secondary listings during the year under the new listing regime launched in 2018. The above-mentioned US-listed, China-based companies raised a total of HKD131.3 billion, representing approximately 34 percent of funds raised for 2020. Main Board GEM Total funds raised (HKD No. of IPOS Average deal size No. of IPOS Total funds raised (HKD billion) billion) < HKD 1 billion HKD 1-5 billion > HKD 5 (HKD No. of IPOS Average deal size (HKD billion billion) billion) 2020 Full year 389.3 132 2.95 70 41 21 0.6 8 0.08 2019 Full year 313.3 146 2.14 102 34 10 1.0 15 0.07 2018 Full year 282.9 130 2.18 90 30 10 5.1 75 0.07 2017 Full year 122.6 80 1.53 59 15 60 5.9 80 0.07 2016 Full year 190.6 72 2 2.65 48 14 10 4.6 45 55 0.10 Source: HKEX and KPMG analysis Note: All analysis is based on a combination of data as at 6 December 2020 and KPMG estimates, unless otherwise stated. Excludes listings by introduction. KPMG © 2020 KPMG, a Hong Kong partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. 19 19
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