NewTimeSpace | Quarterly Ranking of Hong Kong IPO Bookrunners by Number of Mandates (Q3 2026)

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.

Quarterly Ranking of Hong Kong IPO Bookrunners by Number of Mandates (Q3 2026)

No.

Bookrunner 

No. of Mandates

1

Futu Securities International (Hong Kong) Limited

18

2

CLSA Limited

11

3

Tiger Brokers (HK) Global Limited

10

4

Huatai Financial Holdings (Hong Kong) Limited

8

5

China International Capital Corporation Hong Kong Securities Limited

8

6

CMB International Capital Limited

7

7

Haitong International Securities Company Limited

6

8

GF Securities (Hong Kong) Brokerage Limited

6

9

ABCI Capital Limited

6

10

CMBC Securities Company Limited

6

11

Huafu International Securities Limited

5

12

CCB International Capital Limited

5

13

Zhongtai International Securities Limited

5

14

SPDB International Capital Limited

5

15

BOCI Asia Limited

5

16

ICBC International Securities Limited

4

17

Yuet Sheung International Securities Limited

4

18

Citigroup Global Markets Asia Limited

4

19

The Hongkong and Shanghai Banking Corporation Limited

4

20

Citigroup Global Markets Limited

4

21

Goldman Sachs (Asia) L.L.C.

4

22

Shenwan Hongyuan Securities (H.K.) Limited

4

23

Morgan Stanley Asia Limited

3

24

Yuexiu Securities Limited

3

25

Guosen Securities (HK) Brokerage Company, Limited

3

26

China Galaxy International Securities (Hong Kong) Co., Limited

3

27

Guosen Securities (HK) Capital Company Limited

3

28

First Shanghai Securities Limited

3

29

J.P. Morgan Securities (Asia Pacific) Limited

3

30

Orient Securities (Hong Kong) Limited

2

31

Shanxi Securities International Limited

2

32

Patrons Securities Limited

2

33

Ping An Securities (Hong Kong) Company Limited

2

34

Macquarie Capital Limited

2

35

Harmonia Capital Limited

2

36

TradeGo Markets Limited

2

37

Jinluo Securities Limited

2

38

Merrill Lynch (Asia Pacific) Ltd

2

39

China Securities (International) Corporate Finance Company Limited

2

40

South China Securities Limited

2

41

Guotai Junan Securities (Hong Kong) Limited

2

42

Eddid Securities and Futures Limited

2

43

SDIC Securities (Hong Kong) Limited

2

44

Neutral Financial Holding Company Limited

2

45

Fortune (HK) Securities Limited

2

46

Get Nice Securities Limited

2

47

China Harbour International Securities Limited

2

48

Celestial Securities Limited

1

49

Somerley Capital Limited

1

50

Webull Securities Limited

1

51

Kingsway Corporation

1

52

DL Securities (HK) Limited

1

53

CEB International Capital Corporation Limited

1

54

Victory Securities Company Limited

1

55

Guolian Securities International Capital Co., Limited

1

56

East West Bank, Hong Kong Branch

1

57

Huajin Securities (International) Limited

1

58

BNP Paribas Securities (Asia) Limited

1

59

Sinolink Securities (Hong Kong) Company Limited

1

60

Yuen Meta (International) Securities Limited

1

61

TFI Securities and Futures Limited

1

62

Yuan Tong Global Securities Limited

1

63

Deutsche Bank AG, Hong Kong Branch

1

64

UBS AG, Hong Kong Branch

1

65

Silver Nile Global Investments Limited

1

66

Zheshang International Financial Holdings Co., Limited

1

67

Central China International Securities Co., Limited

1

68

China Sunrise Securities (International) Limited

1

69

BOCOM International Securities Limited

1

70

Banco Santander, S.A.

1

71

West Bull Securities Limited

1

72

Skyvast Securities Limited

1

73

SBI China Capital Financial Services Limited

1

74

Daiwa Capital Markets Hong Kong Limited

1

75

uSmart Securities Limited

1

76

JA Securities Limited

1

77

Mizuho Securities Asia Limited

1

78

UOB Kay Hian (Hong Kong) Limited

1

79

Sunfund Securities Limited

1

80

Zero2IPO Securities Limited

1

81

China Industrial Securities International Capital Limited

1

82

Livermore Securities Limited

1

83

TradeMaster Securities (Hong Kong) Limited

1

Source/Compiled by: Choice / NewTimeSpace Research Statistical
 Period: Q3 2026

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