‘Vibrant’ Hong Kong market to attract more listings from abroad, bankers say

South China Morning PostEN 2 min read 100% complete by Cao Li,Yulu AoFebruary 4, 2026 at 09:45 AM

AI Summary

short article 2 min

Hong Kong's IPO market is attracting an increasing number of listings from non-Chinese international companies. Bankers attribute this trend to the market's vibrancy and increased liquidity, making it a viable alternative to New York and London. In 2025, five non-Chinese overseas companies listed in Hong Kong, raising $1.04 billion, a significant increase from the $344.7 million raised in 2024. Examples include Malaysian contractor BBSB International and Africa-focused Softcare, both of which experienced substantial oversubscription. This diversification follows Hong Kong reclaiming its position as the top global IPO market in 2025, driven by geopolitical tensions and the city's booming secondary market.

Key Entities & Roles

Key Player Opposition Context

Africa 30% London Stock Exchange Group 40% Malaysia 40% London 50% New York 50% Softcare 50% Cloudbreak Pharma 50% Kenneth Chow 60% Citigroup 60% BBSB International ×280% Hong Kong ×9100%

Keywords

hong kong ipo market 100% initial public offering 80% overseas listings 70% international companies 60% market liquidity 50% fundraising 50% equity capital markets 40% oversubscribed 40%