HK's Red-Hot IPO Market Closing 2025 With Rush of Deals

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00:00The financial hub is set for a flurry of deals that would make December the busiest month for

00:05listings since 2021. For more, let's bring in our Bloomberg Equity Capital Markets reporter,

00:10Dave Sebastian. So tell us what's happening in Hong Kong. I'm sure you've been busy too, Dave.

00:14Exactly. It's been a very busy year for everyone, for bankers and especially us here at Bloomberg

00:18as well. It's been a very busy year because Hong Kong's share sales have been raising more than

00:23$73 billion so far this year. And that basically marks the first time in 12 years

00:29that Hong Kong is at the top of Asia's fundraising market, just below the U.S. globally, really.

00:35And that's been a result of these jumbo deals like CATL's $5.3 billion listing back in May.

00:43And that's like the world's second largest listing this year. And it's such a stark contrast compared

00:50to the years past when Chinese stocks were in the troughs. So we're really seeing this rebound

00:55this year. And it's been seen so far this month where these companies are rushing to market to seize

01:01this final window to list their shares this year. Yeah. And how is the rest of Asia looking too?

01:07The rest of Asia is also equally frenetic because four of the world's five top fundraising hubs are in

01:14Asia. So we've got Hong Kong, mainland China, India and Japan. These are the top four to five world's

01:26largest markets for share sales so far this year. And what are they expecting for next year? Can we

01:32continue on this sort of momentum? So the Yahoo Exchange has said that there are roughly 300 companies

01:37waiting to list. And these include long dormant IPOs like Syngenta Group, for example, and CK Hutch's

01:45Watson. And these deals could raise billions of dollars next year. So the pipeline is really deep.

01:51But how those pan out next year, that's subject to the stock market, you know, like broadly,

02:00you know, like just the stock market generally, as well as other Blackstone events that we can't really

02:06predict. But overall, the mood is still very, very positive. And bankers are at least expecting the

02:11next six months to be visible on their end. Yeah, the bankers will be happy, I'm guessing for this

02:17year. Dave's going to keep busy. Even in the face of being busy, you've been able to still win some

02:23competitions, you know, internally here in Bloomberg. It's interesting, we had this charts of the, I guess,

02:29what's it called? Bloomberg charts competition that we just had. And you won. And it was on something

02:35about the IPO market. Can you tell us a bit more? We're firing up right now. Sure. So I made this

02:39chart back in August or July when we had our big take about just how vibrant Hong Kong's market has

02:46been. And this is just to show that Hong Kong's IPO market, as well as stock market, you know,

02:52really has been increasingly been buttressed by mainland Chinese companies. And this has been

02:57evident through the deals that have come to market this year, which are second listings of big Chinese

03:03companies that have been listed onshore, like CATL, and also others like Hungary, for example. And

03:10these deals have raised billions of dollars this year and led to a four-year high in the IPO market.

03:17Dave, congratulations on that, winning that, our contest here. And again, just to let our viewers

03:23know, what did you win? It was like a t-shirt. It was a t-shirt with that chart on the t-shirt.

03:27Okay, I expect you to come on air to wear it next time. Dave Sebastian there, equity capital markets

03:32reporter on the latest on the IPO market here in Hong Kong.