今年港股IPO募资有望超3000亿港元

Core Viewpoint - The Hong Kong IPO market is expected to maintain its strong momentum into 2026, with a projected fundraising amount exceeding 300 billion HKD, driven by technology and A to H listings [1][6]. Group 1: IPO Market Overview - In 2025, Hong Kong's IPO market raised a total of 285.8 billion HKD, reclaiming the top position globally [1]. - As of the end of 2025, there were 316 companies waiting to go public, indicating a significant backlog and potential for market activity [2]. - The IPO pipeline includes notable companies across various sectors, such as pet healthcare, printed circuit boards, and electric vehicle solutions [2]. Group 2: Key Drivers for 2026 - The two main themes for the 2026 IPO market are technology and A to H listings, which are expected to drive fundraising efforts [1]. - Major drivers for the IPO market include high demand for biotech companies, leading technology firms in AI and renewable energy, and traditional industries undergoing transformation [3][5]. - The influx of international long-term capital into the Hong Kong market is expected to favor leading Chinese companies with strong growth and profitability [5]. Group 3: Predictions and Trends - Multiple institutions predict that the total fundraising for 2026 will range from 320 billion to 350 billion HKD, with around 150 to 160 companies expected to list [6]. - The market is anticipated to exhibit a "two ends large, middle differentiation" characteristic, where larger projects and industry leaders will attract more stable funding [6]. - A to H listings are expected to remain a significant part of the IPO landscape, providing more certainty for international investors [7].