In the first three quarters of 2026, the Hong Kong stock IPO market handed over a report card that far exceeded expectations. A total of 115 companies were listed, raising a total of HK$385.566 billion. This fundraising scale has exceeded the full year level of any year since 2011. Intermediaries are also benefiting from a hot market. The reporter noticed that the head effect is very obvious; the top three underwriters together account for 42% of the underwriting scale. However, sponsoring agencies' resource constraints and the quality of practice are still receiving regulatory attention.

In the first three quarters of 2026, the Hong Kong stock IPO market handed over a report card that far exceeded expectations. A total of 115 companies were listed, raising a total of HK$385.566 billion. This fundraising scale has exceeded the full year level of any year since 2011. Intermediaries are also benefiting from a hot market. The reporter noticed that the head effect is very obvious; the top three underwriters together account for 42% of the underwriting scale. However, sponsoring agencies' resource constraints and the quality of practice are still receiving regulatory attention.