Hong Kong may become the preferred destination for mainland companies' IPOs in 2025, with first-day gains far exceeding those in the United States.

Foreign media: In 2025, Hong Kong will surpass the United States as the preferred destination for initial public offerings (IPOs) of mainland Chinese companies.

In the first eight months of this year, 46 mainland Chinese companies listed in Hong Kong, raising a total of 118.2 billion HKD (approximately 16.5 billion USD), while 16 mainland Chinese companies that listed in the United States during the same period raised only 740.9 million USD. The average increase on the first day of new stock listings in Hong Kong reached 19.4%. For example, the stock price of Guangzhou Yinnuo Pharmaceutical Group nearly quadrupled on its debut last week. By comparison, the average increase for new stocks in the United States was only 3.6%.

As Sino-US technological competition intensifies, and with uncertainties in the US market, mainland Chinese companies are more inclined to list in Hong Kong.

Original article: www.toutiao.com/article/1841260573386755/

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