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Hong Kong Share Sales Hit Record on AI Boom
AI-related offerings and repeated fundraisings helped Hong Kong listings surpass last year’s total and approach the 2021 record, officials said.
- Hong Kong's initial public offering funds more than doubled to over HK$388 billion in the first nine months of 2026, according to Financial Secretary Paul Chan Mo-po, already surpassing last year's total.
- Bankers in Hong Kong skipped their summer break during an artificial intelligence-fueled capital rush that drove share sales to record levels. Ample domestic liquidity supported demand despite a bruising stock market sell-off.
- Alibaba Group Holding's $10.2 billion follow-on offering led transaction volume, while memory chipmaker CXMT raised 66.6 billion yuan. Average daily turnover on the Hong Kong stock market reached HK$272.9 billion from January to September.
- Weak deal performance is testing investor appetite, with just two of the 10 largest Hong Kong deals since July trading above water. James Wang, head of Asia ex-Japan equity capital markets at Goldman Sachs Group, noted investors are becoming more selective.
- Financial Secretary Chan noted increased Middle East interest, with several funds planning to invest more in Hong Kong. Harish Raman, Citigroup's head of equity capital markets execution, said the bank expects more IPOs before year-end with "cautiously optimistic" international investor sentiment.
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AI frenzy powers Hong Kong fundraising record
Bankers in Hong Kong skipped the summer break as an artificial intelligence (AI)-fueled rush for capital sent share sales to a record, defying a bruising selloff in the city’s stocks.Initial public offerings (IPOs), placements and block trades raised US$47.5 billion in July to last month, the bigges
·Taipei, Taiwan
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Total News Sources11
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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