NewTimeSpace Research Institute data show that in the September 2026 ranking of Hong Kong new listings by cornerstone investment, SHEIN-W led with HK$3.005 bn, followed by LIGENT (HK$2.666 bn), KINWONG (HK$2.431 bn), ROBOTECHNIK (HK$1.822 bn) and MECH-MIND ROBOTICS (HK$1.460 bn); LONGSYS (HK$1.185 bn), RAMATERIALS (HK$993 mn) and DIRECT DRIVE (HK$470 mn) came next. At the tail, CAMSENSE (HK$110 mn), TRANSWARP (HK$74 mn) and EXCELLAND ROBOT (HK$24 mn) each drew under HK$150 mn — far below the leaders.
NewTimeSpace Research Institute data show that in the September 2026 ranking of Hong Kong new listings by subscription multiple, MECH-MIND ROBOTICS led with 3,835.36x, followed closely by CAMSENSE (3,546.91x); MEDCAPTAIN (436.37x), DIRECT DRIVE (208.56x) and EXCELLAND ROBOT (140.02x) ranked third to fifth. KINWONG (94.25x), TRANSWARP (73.86x), LONGSYS (40.32x) and LIGENT (35.16x) all exceeded 30x. At the tail, ROBOTECHNIK (8.65x), SHEIN-W (5.63x), RAMATERIALS (3.39x) and DRAGON MINING (1.58x) drew cooler demand.
NewTimeSpace Research Institute data show that in the September 2026 ranking of Hong Kong new listings by proceeds raised, SHEIN-W led with HK$13.596 bn, followed by LONGSYS (HK$7.078 bn), LIGENT (HK$5.670 bn), ROBOTECHNIK (HK$5.178 bn) and KINWONG (HK$5.097 bn). At the tail, TRANSWARP (HK$687 mn), CAMSENSE (HK$682 mn), EXCELLAND ROBOT (HK$650 mn), MEDCAPTAIN (HK$600 mn) and DRAGON MINING (HK$101.5 mn) raised far less — a marked gap from the leaders.
NewTimeSpace Research Institute data show that in the September 2026 ranking of Hong Kong new listings by first-day turnover, LIGENT led with HK$2.461 bn, followed by SHEIN-W (HK$2.230 bn), LONGSYS (HK$1.728 bn), KINWONG (HK$1.656 bn) and ROBOTECHNIK (HK$1.076 bn). At the tail, TRANSWARP (HK$236 mn), EXCELLAND ROBOT (HK$227 mn) and MEDCAPTAIN (HK$129 mn) each turned over under HK$300 mn — more than 10 times below the leaders, a clear divide.
On 11 October 2026, DSBJ (002384.SZ) passed the HKEX Main Board listing hearing, with UBS, Haitong International, GF Securities and CITIC Securities as joint sponsors, ranking third globally in PCBs by 2025 revenue.
On 30 September 2026, the CSRC asked Desay SV (002920.SZ) for supplementary filing materials on litigation, its listing rationale and robotics business.
On 30 September 2026, the CSRC asked DIGIWIN (300378.SZ) for supplementary filing materials on overseas investment, litigation and FII transactions.
On 30 September 2026, the CSRC raised eight filing supplement requests for Shanghai Union Technology, including on external adviser incentives and Zou Bo exit.
On 30 September 2026, the CSRC asked POCO (300811.SZ) for supplementary filing materials on property management, permits and the Huizhou POCO penalty.
On 30 September 2026, the CSRC asked Zixun Technology for supplementary filing materials on equity, ESOP, foreign access and Full Circulation shares.
On 30 September 2026, the CSRC disclosed its filing notice (dated 24 August 2026) allowing Amlogic (688099.SH) to issue up to 53,815,500 shares on the SEHK.
NewTimeSpace Research Institute data show 13 new listings on the Hong Kong market in September 2026. CAMSENSE led with a 265.68% first-day gain, EXCELLAND ROBOT followed at 153.84% — both robotics- and smart-driving-related plays; DRAGON MINING (11.63%), KINWONG (10.26%) and DIRECT DRIVE (7.41%) posted modest gains. Of the other eight, SHEIN-W slipped 0.12%, while LONGSYS, MECH-MIND ROBOTICS, ROBOTECHNIK, RAMATERIALS and TRANSWARP fell between 1% and 10%, and MEDCAPTAIN bottomed out at -42.93%. Overall, only six of the September listings rose on debut and seven broke issue price.
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.
