Morgan Stanley(US:MS) 智通财经网·2025-12-31 12:38Core Viewpoint - The Hong Kong stock market is projected to lead globally in IPO fundraising for the year 2025, with a total amount exceeding HKD 285.6 billion, marking a significant increase compared to 2024 [1] Group 1: IPO Fundraising - The total IPO fundraising amount for Hong Kong in 2025 is expected to exceed HKD 285.6 billion, positioning it as the top market globally [1] - This amount represents a substantial growth compared to the previous year, 2024 [1] Group 2: Underwriters and Advisors - Morgan Stanley Asia ranked first among sponsors, having sponsored 13 IPOs in Hong Kong throughout the year [1] - Livermore Securities led as the top underwriter, having underwritten 32 IPOs in Hong Kong [1] - The law firm Hogan Lovells participated in 24 IPOs, ranking first among legal advisors [1] - Ernst & Young was the leading accounting firm, involved in 41 IPOs during the year [1]