PwC revealed on January 2 via its WeChat account that the global IPO market is gaining momentum, with Hong Kong showing signs of a rebound in capital-raising activity. Supported by favorable policies and an improving economic outlook, the city’s IPO market is poised for recovery.

According to PwC, Hong Kong’s IPO fundraising could reach HK$130-160 billion in 2025, driven by stable capital markets and major A-share companies pursuing secondary listings in the city. This could propel Hong Kong back into the global top three IPO markets.

For 2025, sectors like artificial intelligence, information technology, telecommunications, electric energy, retail, and consumer goods are expected to be key drivers of market interest.