PwC Report Reveals Revised Hong Kong IPO Forecast for 2024

Tuesday, 2 July 2024, 09:30
In a surprising turn, PwC has reduced its initial prediction for Hong Kong IPO fundraising in 2024 by 20%, now projecting an amount of US$10.2 billion. The updated forecast suggests that approximately 80 companies are expected to go public in Hong Kong, collectively aiming to raise HK$80 billion. This adjustment indicates a notable downturn from the previously estimated HK$100 billion, as highlighted by PwC's latest analysis.
South China Morning Post
PwC Report Reveals Revised Hong Kong IPO Forecast for 2024

PwC's Revised Forecast for Hong Kong IPOs

Details about PwC's updated projection for fundraising in 2024 reveal significant changes in Hong Kong's IPO landscape.

Key Takeaways:

  • Reduction in Fundraising Prediction: PwC now expects a lower fundraising amount of US$10.2 billion, down by 20% from the earlier forecast.
  • Number of Companies Listing: Approximately 80 companies are anticipated to list in Hong Kong this year, aiming to raise HK$80 billion collectively.
  • Deviation from Previous Expectations: The revised forecast contrasts with the prior estimate of HK$100 billion, signaling a substantial adjustment in IPO activity.

Conclusion: PwC's updated analysis on Hong Kong IPOs emphasizes the evolving nature of fundraising trends and highlights the significance of monitoring market dynamics for accurate projections.

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