Hong Kong tops global IPO charts in 2025
Hong Kong is back on top as the world's leading spot for IPOs this year, pulling in HK$272.1 billion from 100 listings—a massive 210% jump over last year.
The boom was powered by tech, new energy, and healthcare companies using A+H listings to fuel their global ambitions.
CATL steals the spotlight
The biggest headline? Contemporary Amperex Technology Co. (CATL), the world's largest EV battery maker, raised HK$41 billion with its dual listing—the largest IPO anywhere in 2025.
In fact, a record 17 A+H listings made up half of all funds raised in Hong Kong's IPO market this year.
What's next?
As of early December, there are 316 active IPO applications waiting in Hong Kong—including 92 more A+H hopefuls—hinting at a busy pipeline ahead.
Meanwhile, India also had a blockbuster year with over $20 billion raised and Jio Platforms Ltd gearing up for a major listing in 2026.