UBS sees Hong Kong IPO fundraising reaching $50 billion in 2026 on tech surge
Technology startups have become the dominant force in Hong Kong’s initial public offering market in 2026, marking a sharp shift from 2025, when listings were led mainly by dual-listed companies. Tech startups have accounted for 63% of Hong Kong IPO fundraising so far this year, up from 16% in 2025, Janice Hu, president of UBS China and chairperson of UBS Securities, said at a recent media roundtable. UBS expects Hong Kong IPO fundraising to reach $45 billion to $50 billion in 2026, supported by listings from sector leaders, including China’s first two large-language-model developers.
