Hong Kong’s stock exchange ranked second worldwide in capital raised during the first half of 2026, as proceeds from initial public offerings and secondary listings surged 84.3% year-over-year to US$26.4 billion.
Mainland Chinese companies dominated the 84 new listings, representing 98.5% of the total, with the bulk concentrated in advanced technology and consumer staples.
The five largest deals are outlined below:
1. Victory Giant Technology, US$2.73 billion
The electronics manufacturer specializes in printed circuit boards and components for smartphones and consumer electronics. Having first listed on Shenzhen’s Nasdaq-style ChiNext board in 2015, the company operates in a market segment comparable to that of U.S.-listed Jabil.
The offering’s bookrunners included J.P. Morgan, China Securities, GF Securities, ABCI Capital, China International Capital Corporation, and Huatai Financial.
2. Muyuan Foods, US$1.55 billion
The agricultural giant, also listed in Shenzhen, is China’s largest hog producer by volume. The underwriting was led by Morgan Stanley, CLSA, Goldman Sachs, CICC, Merrill Lynch, and CMB International.
