Hong Kong IPOs defy global headwinds to lead the world in Q1 fundraising! Phillip Hk Newly Listed Equities Index ETF (02835.HK) surges over 5% intraday

NewTimeSpace News: Wind data shows that in Q1 2026, Hong Kong IPOs bucked global trends with a standout performance. A total of 40 companies listed on the Hong Kong Stock Exchange, raising nearly HK$110 billion in IPO proceeds—a year-on-year surge of 489%. As of now, nearly 400 companies remain in the queue awaiting listing hearings.

According to Deloitte, Hong Kong saw 40 new listings in Q1, up 167% year-on-year, with total fundraising reaching HK$109.9 billion—a 504% increase—ranking first globally. Thehillip Hk Newly Listed Equities Index ETF(02835.HK) surged over 5% intraday.

HKEX data indicates that the fund tracks the Solactive Hong Kong Newly Listed Index, which specifically covers newly listed and recently listed stocks on the Hong Kong exchange, providing investors with beta exposure to the early performance of Hong Kong's IPO market. The fund's holdings are concentrated on technology and new economy leaders that have gone public in recent years, exhibiting distinct high-growth, high-volatility characteristics.

Per Wind statistics, as of April 15, excluding confidential filings, 387 companies remain in the queue awaiting listing hearings, while new submissions this year have already exceeded 250.

Amid surging IPO applications, sponsor representatives have become severely scarce. According to 21st Century Business Herald, driven by the Hong Kong listing boom, competition for qualified sponsor representatives has intensified. Professionals with signing authority and over three years of experience are commanding significantly higher compensation.

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