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Hong Kong reclaims top global IPO spot in 2025, says KPMG

Record A+H listings drive historic year, pipeline of over 300 signals sustained momentum into 2026

HONG KONG SAR - Media OutReach Newswire - 10 December 2025 - Hong Kong has reclaimed the top spot in global IPO market rankings for the first time since 2019, driven by a record number of A+H listings that contributed over half of total funds raised, according to KPMG's latest Chinese Mainland and Hong Kong IPO Markets 2025 Review and 2026 Outlook.

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