The Initial Public Offering (IPO) market on the Hong Kong stock exchange has maintained its sizzling pace this year, with a continued surge in companies eager to list in this financial hub. According to Wind data, as of the market close on September 29, a total of 76 companies have successfully completed their listings on the Hong Kong stock market this year. Additionally, 7 companies have cleared the hearing stage and are now poised for listing, while a staggering 369 are currently undergoing hearing processing. On the other hand, 145 companies have seen their hearings lapse, and 2 have opted to withdraw their applications.

This latest wave of IPO exuberance is largely fueled by the massive influx of technology firms and the trend of A-share companies seeking listings in Hong Kong. Mainland AI and hard-tech enterprises, along with 'A+H' dual-listing projects, have emerged as key drivers of growth for new listings on the Hong Kong stock exchange. Deloitte China anticipates that the robust momentum of Hong Kong's new listings market will sustain through the year-end. Looking ahead, it projects the potential for 160 new listings by 2026, with financing amounts expected to reach no less than HK$480 billion. This figure could potentially eclipse the annual financing record set in 2010, with hard-tech companies poised to capture the spotlight in the market.