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Hong Kong is now the world’s top IPO market for 2018

According to a recent report, Hong Kong has won back it’s crown as the world’s top IPO market in 2018; a result of the, in large part, of the debuts by major Chinese technology companies won amid fierce global competition.

Fundraising through initial public offerings on the Hong Kong Stock Exchange looks to reach US$36.6 billion this year, 120% more than in 2017, according to a multinational professional services network.

The New York Stock Exchange, which topped the list last year, appears headed for second place with US$28.8 billion, followed by the Tokyo Stock Exchange at US$26.2 billion.

A record 208 businesses are debuting in Hong Kong this year, including a major Chinese smartphone maker and a food delivery-to-ticketing services platform. Of the 133 IPOs on the main board, 36 are by “new economy” companies in high-growth tech fields, according to KPMG.

The boom was fuelled partly by changes to Hong Kong’s listing rules in April 2018.

The smartphone maker, for example, became the first company with multiple classes of shares carrying different voting rights – an increasingly popular structure among tech companies – to list on the exchange.

Many of 2018’s biggest IPOs came from Asian companies.

For example, a Japanese multinational holding conglomerate’s mobile unit, which debuted in Tokyo recently, topped the global list at US$21.1 billion, followed by the world’s largest telecoms tower operator with US$7.5 billion and the smartphone marker’s US$5.4 billion.

Next, a communications equipment manufacturing company and an electronics industry company, ranked high on the list as well.

Exchanges worldwide are vying to attract big tech IPOs, which tend to draw considerable interest from investors.

An online video portal, an e-commerce platform, and a music streaming service – which are all China-based companies – listed in the U.S. this year.

As for 2019, researchers at the professional services network the expect about 200 companies to debut in Hong Kong, raising up to HK$230 billion (US$29.4 billion).

While stock prices have flagged of late, many promising companies are waiting in the wings to go public.

Another report noted that Hong Kong had help the title of top IPO market for two consecutive years.

The report noted that more than 70 percent of the funds raised come from mainland enterprises, many of which chose to make their market debuts in Hong Kong to take advantage of the city’s revolutionary listing rule changes.

Since Hong Kong Exchanges and Clearing Ltd-the operator of Asia’s third-largest stock exchange-allowed technology firms with dual class share structures to go public in the city in April 2018, a total of 22 new economy companies from the mainland have listed in Hong Kong, according to the assistant vice-president of mainland development at HKEx.

The Hong Kong stock exchange, together with its United States counterparts, are expected to remain strong in the coming year, retaining their allure as go-to destinations for promising technology superstars from the mainland, according to a recent report from a major law firm.

With more than 200 firms lining up for floats in Hong Kong, IPOs are set to rake in as much as HK$230 billion over the coming 12 months.

Companies from the tech, media and telecommunication sector will continue to be the major driving force, a professional service company forecasts.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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