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

Three Asean-linked companies list on HKEX this year, with possibly four more to come

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Evan See

Evan See

Published Sun, Aug 3, 2025 · 02:00 PM
    • In H1, IPOs and cross-listings on HKEX totalled 210 deals, raising US$49.2 billion – more than nine times the US$5.3 billion raised a year ago, based on S&P Global Market Intelligence data.
    • In H1, IPOs and cross-listings on HKEX totalled 210 deals, raising US$49.2 billion – more than nine times the US$5.3 billion raised a year ago, based on S&P Global Market Intelligence data. PHOTO: BLOOMBERG

    [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.

    HKEXIPOChinese equitiesAsean BusinessHong Kong Stock Exchange

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