NewTimeSpace Research Institute data show that in the Q3 2026 ranking of HK IPO underwriters by service scale, 84 institutions together served about HK$1.4 trillion, with a markedly top-heavy profile. CICC HK led with HK$106.966 billion, closely followed by Goldman Sachs Asia (HK$105.051 bn) and HSBC (HK$104.878 bn), while GF (HK) (HK$98.228 bn) and Haitong Int'l (HK$81.843 bn) ranked fourth and fifth. Futu Securities took 13th with HK$49.187 bn, as internet brokers kept penetrating. Tail-end firms mostly served under HK$1 bn, more than 100 times below the leaders — a stark divide.
NewTimeSpace Research Institute data show 83 institutions acted as bookrunners for HK IPOs in Q3 2026. Futu Securities (HK) led with 18 deals, CLSA came second with 11, Tiger Brokers (HK) third with 10, Huatai and CICC HK tied fourth with 8 each, CMB International 7, and Haitong Int'l, GF (HK), ABCI Capital and CMBC 6 each. The 22 firms with 4+ mandates accounted for the bulk of bookrunner deals, while the 36 tail-end firms served just one each, a stark divide.
NewTimeSpace Research Institute data show 92 institutions provided HK IPO legal services in Q3 2026. King & Wood Mallesons led with 11 mandates, Jingtian & Gongcheng took 7, and Latham & Watkins, Commerce & Finance, Zhong Lun, Davis Polk, Haiwen and Hogan Lovells 5 each. Eight firms served 5+, 32 served 2+; the 60 tail-end firms just one each. PRC firms led on deal count; international firms still held a place in large, complex deals.
NewTimeSpace Research Institute data show 9 audit firms served Hong Kong IPOs in Q3 2026, with a markedly top-heavy profile. Ernst & Young (EY) led with 13 mandates, Deloitte Touche Tohmatsu ranked second with 6 and KPMG third with 4; Rongcheng (HK) and SHINEWING (HK) tied fourth with 2 each; Tianjian International, PricewaterhouseCoopers, BDO and Grant Thornton (HK) took 1 apiece. EY's lead was clear, and rankings within the Big Four diverged, with PwC serving just one mandate this quarter.
NewTimeSpace Research Institute data show 33 institutions sponsored Hong Kong IPOs in Q3 2026. CITIC Securities (HK) and CLSA tied first with 9 mandates each, CICC HK ranked third with 8, and Huatai, Haitong Int'l Capital and Goldman Sachs Asia tied fourth with 4 each. Six institutions served four or more mandates; three served 3, seven served 2 and 17 served just one, a stark tail. Chinese brokers stayed ahead in sponsorship, while foreign banks ranked lower overall.
NewTimeSpace Research Institute data show 84 institutions underwrote HK IPOs in Q3 2026. Futu Securities (HK) led with 20 mandates, ahead of CLSA and Tiger Brokers (HK) at 11 each, CICC HK and Huatai at 8, CMB International at 7, and GF (HK), Haitong Int'l, ABCI and CMBC at 6 each. The 21 firms with 4+ mandates took most deals, while 48 tail-end firms served just one each; internet brokers and Chinese houses led.
On 9 October 2026, Microintelligence passed the HKEX listing hearing, with Orient Securities International as sole sponsor; 2025 revenue was RMB 795.5 million.
On 9 October 2026, HANWEI ELECTRONICS (300007.SZ) said the CSRC has accepted its filing materials for the issue of H Shares and a Main Board listing on the Stock Exchange of Hong Kong; the Company filed its HKEX application on 27 May 2026, and the listing remains subject to relevant approvals.
NewTimeSpace Research: 24 of the 32 HK new listings in Q3 2026 drew cornerstone investment, led by ZJ INNOLIGHT (03308.HK) at 267.04 (100 mn HKD).
NewTimeSpace Research: the 32 HK new listings in Q3 2026 drew subscription multiples of 1.58 to 4,812.72 times, led by BASIC SEMI (09971.HK).
NewTimeSpace Research: 32 HK IPOs raised about 164.9 billion HKD in Q3 2026, led by ZJ INNOLIGHT (03308.HK) at 53.41 billion HKD; the top 3 took about 55%.
NewTimeSpace Research data show that among Hong Kong new listings ranked by first-day turnover in the third quarter of 2026, the 31 companies on the list recorded combined turnover of about 37.9 billion HKD, with clear concentration in the leading names and a notable hard-tech tilt. ZJ INNOLIGHT (03308.HK) led by a wide margin at 11.49 billion HKD, followed by LUXSHARE ICT (02475.HK) at 4.34 billion HKD, LIGENT (09856.HK) at 2.46 billion HKD, SHEIN-W (00625.HK) at 2.23 billion HKD and NEXCHIP (02249.HK) at 2.21 billion HKD. The top five accounted for about 60% of the total and the top ten for about 80%.
NewTimeSpace Research: 32 HK IPOs debuted in Q3 2026, 15 rising, 3 flat and 14 breaking issue (43.8%); Dragon Mining (01712.HK) led with a 309.11% gain.
On 8 October 2026, Pinnacle Marine Holdings Ltd filed for a HKEX listing with Alliance Capital Partners Limited as sole sponsor; it ranked third among Singapore aluminium workboat builders by 2025 deliveries.
On 8 October 2026, ESWIN COMPUTING (01256.HK) started grey market trading at HKD 1.33, down 14.19% from its HKD 1.55 offer price, before its 9 October listing.
A Roundup of "First Stocks" in Hong Kong IPOs (September 2026)&......
