Latest news with #EddieWong
Business Times
2 days ago
- Business
- Business Times
Hong Kong to reclaim top spot in global IPOs: PwC
[HONG KONG] Hong Kong is on track to regain its position as the world's top fundraising venue for initial public offerings (IPOs) in 2025, according to consulting and accounting firm PwC. An estimated 90 to 100 companies are forecast to raise between HK$200 billion (S$32.5 billion) to HK$220 billion in the Chinese territory this year, PricewaterhouseCoopers said at a presentation in the city on Wednesday (Jul 2). The city's IPO market is red-hot so far this year, boosted by a string of blockbuster deals as Chinese firms seek capital to expand after a years-long lull. Hong Kong is also benefiting from increased geopolitical tension, picking up listings that in previous years might have gone to New York while investors have been shifting cash away from the United States. In the first half of the year, total proceeds raised in Hong Kong jumped 701 per cent to HK$107.1 billion, on 44 IPOs, according to PwC. Listings in June reached their highest monthly total since December 2022 and the pace is expected to be hectic the rest of the year. 'The second half of the year is traditionally the peak period for Hong Kong IPOs,' said Eddie Wong, PwC Hong Kong capital markets leader. 'With more than 200 listing applications already submitted, we expect strong momentum to continue, supported by several mega deals.' BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up New York, including NYSE and Nasdaq, is overall bigger this year with HK$127.2 billion in listings, according to PwC. For the rest of the year, two to three big IPOs of more than HK$10 billion each are expected, Wong told reporters on Wednesday. These mega-deal hopefuls could come from traditional sectors and some of them have not applied officially to list yet, he added. Clothing retailer Shein Group is said to plan switching to a Hong Kong IPO as its blockbuster London deal faces challenges from Chinese regulators, Bloomberg News reported earlier. 'Many large-cap companies listed on the A-share market, as well as those planning to spinoff their China operations, are looking to list in Hong Kong,' said Diamantina Leong, PwC Hong Kong capital markets services partner. BLOOMBERG
Daily Express
2 days ago
- Business
- Daily Express
Hong Kong to regain IPO crown
Published on: Thursday, July 03, 2025 Published on: Thu, Jul 03, 2025 By: AFP Text Size: Chinese battery giant CATL was among the new listings on the Hong Kong Stock Exchange, with PwC saying the city was expected to be the IPO leader this year. HONG KONG: Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday. The Chinese financial hub's capital market has rebounded strongly this year, with dozens of Chinese companies piling into the city to raise overseas capital despite regulatory pressure from Beijing and uncertainty over its national security laws. PricewaterhouseCoopers (PwC) said its statistics suggest nearly 100 companies will raise at least HK$200 billion ($25.5 billion) in Hong Kong this year. It said Hong Kong's IPO wave has benefited largely from policy support from the Chinese government and optimised listing rules by Hong Kong regulators that include streamlining approval processes. 'The improved market liquidity and rising international investor demand for core Chinese assets also drove market activity,' PwC's Hong Kong capital markets leader Eddie Wong said in a note. The Hong Kong stock exchange welcomed 44 IPOs by the end of June, according to PwC. 'We expect 2025 to be the most active fundraising year for IPOs in the past four years,' said Diamantina Leong, PwC's Hong Kong capital markets services partner. PwC said total proceeds raised in Hong Kong jumped 701 percent to HK$107.1 billion (US$13.7 billion) compared to the same period last year. In comparison, the New York Stock Exchange and Nasdaq have raised HK$55.3 billion ($7.0 billion) and HK$71.9 billion ($9.2 billion) in IPOs respectively so far this year, it said. Hong Kong's IPO boom is expected to continue into the first half of next year, Wong told reporters at a presentation. Data from the Hong Kong stock exchange showed it is processing more than 170 listing applications. 'We expect strong momentum to continue, supported by several mega deals,' Wong said. Many of the world's biggest fund-raisings by Chinese companies, including battery giant CATL, pharmaceutical firm Jiangsu Hengrui and soy sauce maker Foshan Haitian, kept up the buzz in Hong Kong's capital markets. Consulting firm Deloitte also forecast in a June report that Hong Kong would be the IPO leader this year, although its analysts warned that 'adverse geopolitical or macroeconomic disruptions' could constrain optimism. Chinese e-commerce titan Shein is switching to Hong Kong to complete its debut after failing to list in New York and London, Bloomberg reported this year. Hong Kong hopes to become the preferred listing platform for international companies, 'especially those that find it challenging to access capital markets in the US or Europe', the city's financial secretary Paul Chan said last month. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Iraqi News
2 days ago
- Business
- Iraqi News
Hong Kong to regain IPO crown this year, say PwC and Deloitte
Hong Kong – Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday. The Chinese financial hub's capital market has rebounded strongly this year, with dozens of Chinese companies piling into the city to raise overseas capital despite regulatory pressure from Beijing and uncertainty over its national security laws. PricewaterhouseCoopers (PwC) said its statistics suggest nearly 100 companies will raise at least HK$200 billion ($25.5 billion) in Hong Kong this year. It said Hong Kong's IPO wave has benefited largely from policy support from the Chinese government and optimised listing rules by Hong Kong regulators that include streamlining approval processes. 'The improved market liquidity and rising international investor demand for core Chinese assets also drove market activity,' PwC's Hong Kong capital markets leader Eddie Wong said in a note. The Hong Kong stock exchange welcomed 44 IPOs by the end of June, according to PwC. 'We expect 2025 to be the most active fundraising year for IPOs in the past four years,' said Diamantina Leong, PwC's Hong Kong capital markets services partner. PwC said total proceeds raised in Hong Kong jumped 701 percent to HK$107.1 billion (US$13.7 billion) compared to the same period last year. In comparison, the New York Stock Exchange and Nasdaq have raised HK$55.3 billion ($7.0 billion) and HK$71.9 billion ($9.2 billion) in IPOs respectively so far this year, it said. Hong Kong's IPO boom is expected to continue into the first half of next year, Wong told reporters at a presentation. Data from the Hong Kong stock exchange showed it is processing more than 170 listing applications. 'We expect strong momentum to continue, supported by several mega deals,' Wong said. Many of the world's biggest fund-raisings by Chinese companies, including battery giant CATL, pharmaceutical firm Jiangsu Hengrui and soy sauce maker Foshan Haitian, kept up the buzz in Hong Kong's capital markets. Consulting firm Deloitte also forecast in a June report that Hong Kong would be the IPO leader this year, although its analysts warned that 'adverse geopolitical or macroeconomic disruptions' could constrain optimism. Chinese e-commerce titan Shein is switching to Hong Kong to complete its debut after failing to list in New York and London, Bloomberg reported this year. Hong Kong hopes to become the preferred listing platform for international companies, 'especially those that find it challenging to access capital markets in the US or Europe', the city's financial secretary Paul Chan said last month.
HKFP
2 days ago
- Business
- HKFP
Hong Kong to regain IPO crown this year, say accountancy giants PwC and Deloitte
Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday. The Chinese financial hub's capital market has rebounded strongly this year, with dozens of Chinese companies piling into the city to raise overseas capital despite regulatory pressure from Beijing and uncertainty over its national security laws. PricewaterhouseCoopers (PwC) said its statistics suggest nearly 100 companies will raise at least HK$200 billion ($25.5 billion) in Hong Kong this year. It said Hong Kong's IPO wave has benefited largely from policy support from the Chinese government and optimised listing rules by Hong Kong regulators that include streamlining approval processes. 'The improved market liquidity and rising international investor demand for core Chinese assets also drove market activity,' PwC's Hong Kong capital markets leader Eddie Wong said in a note. The Hong Kong stock exchange welcomed 44 IPOs by the end of June, according to PwC. 'We expect 2025 to be the most active fundraising year for IPOs in the past four years,' said Diamantina Leong, PwC's Hong Kong capital markets services partner. PwC said total proceeds raised in Hong Kong jumped 701 percent to HK$107.1 billion (US$13.7 billion) compared to the same period last year. In comparison, the New York Stock Exchange and Nasdaq have raised HK$55.3 billion ($7.0 billion) and HK$71.9 billion ($9.2 billion) in IPOs respectively so far this year, it said. Hong Kong's IPO boom is expected to continue into the first half of next year, Wong told reporters at a presentation. Data from the Hong Kong stock exchange showed it is processing more than 170 listing applications. 'We expect strong momentum to continue, supported by several mega deals,' Wong said. Many of the world's biggest fund-raisings by Chinese companies, including battery giant CATL, pharmaceutical firm Jiangsu Hengrui and soy sauce maker Foshan Haitian, kept up the buzz in Hong Kong's capital markets. Consulting firm Deloitte also forecast in a June report that Hong Kong would be the IPO leader this year, although its analysts warned that 'adverse geopolitical or macroeconomic disruptions' could constrain optimism. Chinese e-commerce titan Shein is switching to Hong Kong to complete its debut after failing to list in New York and London, Bloomberg reported this year. Hong Kong hopes to become the preferred listing platform for international companies, 'especially those that find it challenging to access capital markets in the US or Europe', the city's financial secretary Paul Chan said last month.
IOL News
2 days ago
- Business
- IOL News
Hong Kong to regain IPO crown this year, say PwC and Deloitte
Hong Kong is expected to lead the world in initial public offering (IPO) financing this year. Image: AFP Hong Kong is expected to lead the world in initial public offering (IPO) financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday. The Chinese financial hub's capital market has rebounded strongly this year, with dozens of Chinese companies piling into the city to raise overseas capital despite regulatory pressure from Beijing and uncertainty over its national security laws. PricewaterhouseCoopers (PwC) said its statistics suggest nearly 100 companies will raise at least HK$200 billion (R450bn) in Hong Kong this year. It said Hong Kong's IPO wave has benefited largely from policy support from the Chinese government and optimised listing rules by Hong Kong regulators that include streamlining approval processes. "The improved market liquidity and rising international investor demand for core Chinese assets also drove market activity," PwC's Hong Kong capital markets leader Eddie Wong said in a note. The Hong Kong stock exchange welcomed 44 IPOs by the end of June, according to PwC. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading "We expect 2025 to be the most active fundraising year for IPOs in the past four years," said Diamantina Leong, PwC's Hong Kong capital markets services partner. PwC said total proceeds raised in Hong Kong jumped 701% to HK$107.1bn compared to the same period last year. In comparison, the New York Stock Exchange and Nasdaq have raised HK$55.3bn and HK$71.9bn in IPOs, respectively, so far this year, it said. Hong Kong's IPO boom is expected to continue into the first half of next year, Wong told reporters at a presentation. Data from the Hong Kong stock exchange showed it is processing more than 170 listing applications. "We expect strong momentum to continue, supported by several mega deals," Wong said. Many of the world's biggest fund-raisings by Chinese companies, including battery giant CATL, pharmaceutical firm Jiangsu Hengrui and soy sauce maker Foshan Haitian, kept up the buzz in Hong Kong's capital markets. Consulting firm Deloitte also forecast in a June report that Hong Kong would be the IPO leader this year, although its analysts warned that "adverse geopolitical or macroeconomic disruptions" could constrain optimism. Chinese e-commerce titan Shein is switching to Hong Kong to complete its debut after failing to list in New York and London, Bloomberg reported this year. Hong Kong hopes to become the preferred listing platform for international companies, "especially those that find it challenging to access capital markets in the US or Europe", the city's financial secretary Paul Chan said last month. AFP
