Market Chatter: Hong Kong Climbs Back to Top 10 IPO Venues Worldwide With $11 Billion Raised in 2024
[Stock Connect] HKEX (00388): 71 new listed companies in 2024 and 49 delisted companies.
Kingwo Financial News | HKEX (00388) announced that as of December 31, 2024, the total number of listed companies on the Main Board is 2,631, including 2,308 on the Main Board and 323 on GEM. This year, there are 71 new listings, with 68 on the Main Board and 3 on GEM; 49 companies were delisted, including 43 from the Main Board and 6 from GEM.
[Brokerage Focus] Bank of America Securities maintains a Buy rating for Hong Kong Exchanges (00388), indicating an optimistic outlook for the IPO market in 2025.
Jinwu Financial News | Bank of America Securities reported that with more Chinese companies listing in Hong Kong, it is expected that the Hong Kong Stock Exchange (00388) will see more initial public offerings in 2025, with the fundraising amount likely increasing from 11 billion dollars in 2024 to 15 billion dollars (approximately 117 billion Hong Kong dollars). Although the direct income from newly listed shares accounts for less than 2% of total revenue, large IPOs can attract inflow and improve liquidity. The report stated that the market turnover rate in Hong Kong is usually around 70-80%, and due to the increase in volume in China in the fourth quarter of 2024 and the spillover effect, the trading volume surges.
Bank of America Securities: Maintains "Buy" rating for Hong Kong Stock Exchange (00388) with a Target Price of 349 HKD.
Bank of America Securities expects that new IPOs will support the revenue and profits of the Hong Kong Stock Exchange.
Express News | London Metal Exchange: Clear Street UK Limited Will Commence Trading From Jan 3 as a Category 1 Member
HKEX Releases New Board Governance Rules in Bid to Get More Listings
