Hong Kong's initial public offering (IPO) market staged a strong comeback in the first quarter of 20225, raising $2.3 billion from 15 companies, South China Morning Post reported Monday.

This represents a nearly fourfold increase from the $612.7 million raised last year. The surge propelled the city to fourth place globally in fundraising behind Nasdaq, the New York Stock Exchange (NYSE), and the Tokyo Stock Exchange, SCMP said.

Major listings included Mixue Group's $510.8 million IPO, which drew $1.6 trillion in subscriptions, while post-listing fundraising soared with Xiaomi and BYD (HKG:1211, SHE:002594) raising $5.4 billion and $5.6 billion, respectively, the publication said.

Improved market sentiment, accelerated regulatory approvals, and a surge in Chinese AI-related investments have fueled the rebound. The Hang Seng Index gained 15% in 2025, helping sustain investor confidence, SCMP said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)