Hong Kong's IPO boom continues; India gears up for more
Hong Kong's IPO scene is on fire—raising about $23 billion from 66 listings in just the first nine months of 2025, a huge 228% jump over last year and already beating all of 2024.
India's market isn't far behind, pulling in over $6 billion in Q3 alone and bouncing back strong after a slow start.
Over 230 companies waiting to go public in Hong Kong
In Hong Kong, six mega IPOs—including Zijin Gold's $3.2 billion debut—and friendly government policies are fueling the surge.
More than 230 companies are waiting to go public, with healthcare, tech, and consumer goods leading the pack.
A solid 30% rise in the Hang Seng Index has also helped boost investor confidence.
UrbanCo's IPO becomes India's most oversubscribed issue
India's IPO rally is mostly thanks to domestic mutual funds stepping up even as some foreign investors pulled back.
Urban Co.'s IPO became this year's most oversubscribed and popped 62% on its first day.
Big names like Lenskart, Meesho, PhonePe, and possibly Reliance Jio Infocomm (with a rumored $6 billion listing coming next year) are set to keep things interesting—though bankers remind us that real demand will decide which deals truly shine.