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Fortune

Angelica Ang

Hong Kong tops global IPO charts for the first time since 2019 for total funds raised, overtaking New York’s stock exchanges

Hong Kong IPO New York Nasdaq HKeX China

(Credit: ISAAC LAWRENCE FOR AFP)

Hong Kong has reclaimed its spot at the top of global IPO charts for total funds raised—a position it last held in 2019.

In 2025, global IPO markets raised $158.4 billion across 1,227 deals, reflecting an 18% rise in funds raised, according to an outlook report by consulting firm KPMG.

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