How many IPOs were there in Hong Kong in 2025?

114 companies listed in Hong Kong in 2025 (SPACs left out), raising $36.6B in total. The median first-day move was +9.6%, and 27% of those with a price trade above their offer price as of 7 Nov 2026.

Which Hong Kong IPOs are coming up?

As of 7 Nov 2026: Amicro Technology Co., Ltd (books close: 9 Nov 2026); HOSIN Electronics Co., LTD. (books close: 9 Nov 2026); Jiangsu Xinde Semiconductor Technology Co., Ltd. (allotment: 9 Nov 2026); Suzhou Denglin Technology Co., Ltd. - P (allotment: 9 Nov 2026); Adaspace Technology Co., Ltd. (books close: 10 Nov 2026); Sichuan Neautus Traditional Chinese Medicine Co., Ltd. (allotment: 10 Nov 2026); and 1 more in the next 30 days.

How have Hong Kong IPOs done in 2026?

118 listings to 7 Nov 2026: median first-day move +13.4% across the 117 with a recorded first close, and median return since offer -25.5%.

Hong Kong IPOs: calendar, recent listings and history

Upcoming Hong Kong IPOs, the latest listings and how they have traded since, and every Hong Kong IPO since 2021 year by year.

Data as of 7 Nov 2026.

Live Hong Kong deals in the IPO monitor Hong Kong IPOs by year Hong Kong stock market

As of 7 Nov 2026, the IPO monitor lists 29 Hong Kong deals (SPACs left out). By stage: 4 open for subscription, 2 approved and awaiting their offer, 3 closed and 20 recently listed.
Next scheduled step: Amicro Technology Co., Ltd, books close: 9 Nov 2026; 7 deals have books open or a dated step in the 30 days from 7 Nov 2026.
16 Hong Kong companies listed in the 90 days to 7 Nov 2026 (3 in the last 30); 25% of the 16 with a TradingView price trade above their offer price, and the median return since offer is -18.5%.
In 2025, 114 Hong Kong companies listed, raising $36.6B; the median first-day move (first close against the offer price) was +9.6% across the 114 with a recorded first close.
2026 to 7 Nov 2026: 118 listings, against 84 by the same date in 2025.

Upcoming Hong Kong IPOs: the next 30 days (7)

Company	Exchange · ticker	Status	Next step	Price band / issue price	Deal size
Amicro Technology Co., Ltd	HKEX · 2065	Open	books close: 9 Nov 2026	HK$9.27–HK$11.58	n/a
HOSIN Electronics Co., LTD.	HKEX · 2681	Open	books close: 9 Nov 2026	HK$72.29–HK$82.90	n/a
Jiangsu Xinde Semiconductor Technology Co., Ltd.	HKEX · 7672	Closed	allotment: 9 Nov 2026	HK$8.60–HK$9.60	n/a
Suzhou Denglin Technology Co., Ltd. - P	HKEX · 9917	Closed	allotment: 9 Nov 2026	HK$231–HK$288	n/a
Adaspace Technology Co., Ltd.	HKEX · 6935	Open	books close: 10 Nov 2026	HK$24.90–HK$33.20	n/a
Sichuan Neautus Traditional Chinese Medicine Co., Ltd.	HKEX · 2206	Closed	allotment: 10 Nov 2026	HK$40.20–HK$50.55	n/a
CTG Hongkong and Macao Culture and Tourism Holding Limited	HKEX · 1821	Open	listing: 26 Nov 2026	n/a	n/a

Recent Hong Kong listings: the last 90 days (16)

Company	Exchange · ticker	Listed	Issue price	Deal size	First-day move	Since offer	Last close
DSBJ	HKEX · 2384	28 Oct 2026	HK$86.80	n/a	n/a	-12.7%	HK$75.80 (6 Nov 2026)
Transsion	HKEX · 2636	15 Oct 2026	HK$35.30	n/a	-5.7%	+4.8%	HK$37 (6 Nov 2026)
Eswin Computing	HKEX · 1256	9 Oct 2026	HK$1.55	n/a	n/a	-25.5%	HK$1.16 (6 Nov 2026)
Camsense	HKEX · 6802	30 Sep 2026	HK$58.85	n/a	n/a	+51.0%	HK$88.85 (6 Nov 2026)
Direct Drive	HKEX · 6731	29 Sep 2026	HK$21.60	n/a	n/a	+98.2%	HK$42.82 (6 Nov 2026)
Kinwong	HKEX · 3228	29 Sep 2026	HK$69.88	n/a	n/a	-36.9%	HK$44.10 (6 Nov 2026)
Ra Materials	HKEX · 9607	29 Sep 2026	HK$44	n/a	n/a	-16.3%	HK$36.82 (6 Nov 2026)
Robotechnik	HKEX · 3757	29 Sep 2026	HK$436	n/a	n/a	-51.4%	HK$212 (6 Nov 2026)
Ligent	HKEX · 9856	22 Sep 2026	HK$32.96	n/a	n/a	-50.0%	HK$16.49 (6 Nov 2026)
Transwarp	HKEX · 6727	21 Sep 2026	HK$49	n/a	n/a	-50.6%	HK$24.18 (6 Nov 2026)
Excelland Robot	HKEX · 3231	9 Sep 2026	HK$14.45	n/a	n/a	+149.3%	HK$36.02 (6 Nov 2026)
Longsys	HKEX · 9976	8 Sep 2026	HK$236	n/a	n/a	-42.5%	HK$135.80 (6 Nov 2026)
Medcaptain	HKEX · 2041	7 Sep 2026	HK$15.42	n/a	n/a	-61.1%	HK$6.00 (6 Nov 2026)
Mech-mind Robot	HKEX · 9615	1 Sep 2026	HK$101.70	n/a	n/a	-17.6%	HK$83.75 (6 Nov 2026)
Shein-w	HKEX · 625	1 Sep 2026	HK$48.56	n/a	n/a	-16.3%	HK$40.66 (6 Nov 2026)
Ingenic	HKEX · 3223	25 Aug 2026	HK$100	n/a	n/a	-19.4%	HK$80.60 (6 Nov 2026)

Approved, no date set yet (2)

Cleared to list; subscription and listing dates not announced. Newest approval first.
Company	Exchange · ticker	Approved	Price band / issue price	Demand
RelyEZ Energy Storage Technology Co., Ltd.	HKEX · 9621	30 Oct 2026	HK$8.54–HK$11.10	n/a
Changzhou Microintelligence Co., Ltd	HKEX · 3275	20 Oct 2026	HK$16.63–HK$21.46	n/a

Hong Kong IPOs by year since 2021

Medians, not means: half the listings did better than each figure, half worse. First-day move = first close against the offer price; since offer = latest TradingView close against the offer price; 'above offer now' = share of listings with a price that trade above it. SPACs are left out.
Year	IPOs	On SME/GEM boards	Raised (USD)	Median deal	Median first-day move	Above offer now	Median since offer
2021	95	0	$41.9B	$145M	0.0% (n=90)	11% (n=90)	-74.1%
2022	75	0	$6.73B	$8.55M	0.0% (n=73)	16% (n=73)	-62.0%
2023	67	0	$5.86B	$42.9M	+0.8% (n=67)	22% (n=67)	-59.8%
2024	70	3	$11.2B	$50.6M	+2.4% (n=70)	23% (n=70)	-52.9%
2025	114	1	$36.6B	$119M	+9.6% (n=114)	27% (n=114)	-36.5%
2026 to 7 Nov 2026	118	2	$51.6B	$174M	+13.4% (n=117)	28% (n=117)	-25.5%

How to read these tables

Filed: registration filed; no terms or date yet.
Approved: cleared to list (effective registration, red-herring prospectus or exchange approval); books not open yet.
Open: books open: subscription or book-building is in progress.
Closed: books closed; pricing or allotment pending.
Allotted: shares allotted to applicants; listing pending.
Listed: trading; prices after listing are TradingView's.
Withdrawn: deal pulled.
Price band / issue price: the range the shares are offered in, or the final offer price once set.
Deal size: shares offered × offer price (band midpoint until priced; India at the band top; China's planned raise until priced), in US dollars.
SPACs (blank-cheque shells that list to buy a company later) are left out, as on the live tab.

Questions

How many IPOs were there in Hong Kong in 2025?: 114 companies listed in Hong Kong in 2025 (SPACs left out), raising $36.6B in total. The median first-day move was +9.6%, and 27% of those with a price trade above their offer price as of 7 Nov 2026.
Which Hong Kong IPOs are coming up?: As of 7 Nov 2026: Amicro Technology Co., Ltd (books close: 9 Nov 2026); HOSIN Electronics Co., LTD. (books close: 9 Nov 2026); Jiangsu Xinde Semiconductor Technology Co., Ltd. (allotment: 9 Nov 2026); Suzhou Denglin Technology Co., Ltd. - P (allotment: 9 Nov 2026); Adaspace Technology Co., Ltd. (books close: 10 Nov 2026); Sichuan Neautus Traditional Chinese Medicine Co., Ltd. (allotment: 10 Nov 2026); and 1 more in the next 30 days.
How have Hong Kong IPOs done in 2026?: 118 listings to 7 Nov 2026: median first-day move +13.4% across the 117 with a recorded first close, and median return since offer -25.5%.

Other markets: United States · India · Japan · Taiwan · South Korea · China · all IPOs. Calendars and terms come from the exchange and regulator lists; prices after listing from TradingView; feed as of 7 Nov 2026.