KPMG – Chinese Mainland and Hong Kong IPO Markets, Sep 2025

Summary

The report focuses on the analysis of IPO markets in mainland China and Hong Kong for the third quarter of 2025.

Key findings include the growth of the global IPO market with an increase in the total offering size. In 2025, the largest IPOs by funds raised were from Hong Kong. Leading industries contributing to this growth include AI and high technology. The total funds raised amounted to USD 111.6 billion, which is a 30% increase compared to the same period in 2024.

Region: Asia

Published: September 2025

Author(s): KPMG

Language: English

Tech drivers: AI

Found an inaccuracy in the description? Let us know 🙌