South-east Asian firms test Hong Kong waters amid IPO surge

[SINGAPORE] South-east Asian companies have mostly sat out Hong Kong’s 2025 listing boom, but a cautious revival may be under way with four more initial public offerings (IPOs) from the region in the pipeline, according to the Hong Kong Stock Exchange (HKEX).

Johnson Chui, HKEX’s head of issuer services, told The Business Times that four South-east Asian companies are preparing to list, though he did not name them.

If these plans proceed, they would mark the highest annual number of South-east Asian IPOs in Hong Kong since 2020, signalling a slow rebound after a prolonged slump.