HKEX(HK:00388) Xin Lang Cai Jing·2025-10-23 12:56Core Viewpoint - Hong Kong Stock Exchange (HKEX) is expected to reclaim the top position in the global IPO fundraising market this year, driven by a strong pipeline of IPOs in the fourth quarter [1] Group 1: IPO Market Outlook - The fourth quarter is traditionally a peak season for new listings, with an estimate of over 20 IPOs expected in the next two months [1] - The total number of IPOs for the year is projected to exceed 100 [1] - Due to the absence of large IPOs after the listing of Sany Heavy Industry, the remaining new listings are expected to raise a significant portion of the total fundraising amount [1] Group 2: Fundraising Projections - The current fundraising amount stands at over HKD 200 billion, with expectations that the remaining IPOs could collectively raise several billion HKD [1] - The total fundraising for the year is anticipated to surpass HKD 300 billion [1]