About HK$397.3 billion ($51.2 billion) was raised in 2020 from initial public offering and secondary listings on the Hong Kong exchange with almost all new stock issued by mainland firms.
98 percent of the over $50 billion raised were from mainland firms, according to a recent report by Deloitte China, up 74 percent year-on-year. By listings, Hong Kong is expected to post 145 in total by year-end with mainland firms making up 74 percent of this figure, compared to 60 percent last year.
Unless proven wrong in the remaining days of 2020, the five largest listings are expected to have raised a total of HK$123 billion ($15.9 billion), all from mainland firms.
Total fundraising for the year is expected to place Hong Kong’s exchange in second place for 2020 and growth is expected to continue in 2021, according to the report.
