Shanghai, China
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2025 Summits in Hong Kong & Singapore
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.











KPMG Chinese Mainland & Hong Kong IPO Markets Mid-Year Review 2024: 513 Global IPOs with $100.7 Million Average Deal Size & Total $51.6 Billion Funds Raised, 27 Hong Kong IPOs with $54.8 Million Average Deal Size & Total $1.4 Billion Funds Raised, 52 China IPOs with $151 Million Average Deal Size & Total $7.7 Billion Funds Raised, Hong Kong IPO Funds Raised by Sector TMT 37%, Healthcare / Life Sciences 15%, Infrastructure / Real estate 15% & Others 33%, China IPO Funds Raised by Sector Infrastructure / Real Estate 43%, TMT 27%, Industrials 24% & Others 6%, Largest IPO in China China Resources Commercial Assets REIT Raising $949 million (CNY 6.9 billion) on Shenzhen Stock Exchange

12th July 2024 | Hong Kong

KPMG has released the KPMG Chinese Mainland & Hong Kong IPO Markets Mid-Year Review 2024, providing insights & review of IPOs in China Mainland & Hong Kong.  In 2024 1st half, the total no. of global IPOs is 513 with global average deal size of $100.7 million and raising a total of $51.6 billion.  Global IPO deals > $1 billion – 6.  Key factors in 2024 – Geopolitical conflicts, Historical election year, Interest rate environment.  Hong Kong IPOs – 27.  Hong Kong average deal size – $54.8 million (HKD 428 million).  Hong Kong 2024 1H funds raised – $1.4 billion (HKD 11.6 billion).  Hong Kong IPO funds raised by Sector – TMT 40%, Consumer markets 25%, Healthcare / Life sciences 13%, Others 22%.  Hong Kong No. of IPO by Sector – TMT 37%, Healthcare / Life sciences 15%, Infrastructure / Real estate 15%, Others 33%.  Hong Kong Top 3 Active IPO applicants by Sector – TMT 34%, Healthcare / Life sciences 23%, Consumer markets 20%.  China IPOs – 52.  China average deal size – $151 million (CNY 1.1 billion).  China total funds raised – $7.7 billion (CNY 56.5 billion).  China IPO funds raised by Sector – Infrastructure / Real estate 43%, TMT 27%, Industrials 24%, Others 6%.  China No. of IPO by Sector – Industrials 38%, TMT 31%, Infrastructure / Real estate 16%, Others 15%.  IPO funds raised by Shanghai Stock Exchange – $3.3 billion (CNY 24.4 billion).  IPO funds raised by Shenzhen Stock Exchange – $1.8 billion (CNY 13.1 billion).  IPO funds raised by ChiNext (Shenzhen) – $1.1 billion (CNY 8.7 billion).  IPO funds raised by STAR Market (Shanghai Stock Exchange Science & Technology Innovation Board) – $1.1 billion (CNY 8.3 billion).  IPO funds raised by Beijing Stock Exchange – $275 million (CNY 2 billion).  Largest China A-Share IPOs in 2024 1H – China Resources Commercial Assets REIT $949 million (CNY 6.9 billion).  Top 3 Largest China A-Share IPOs in 2024 1H – China Resources Commercial Assets REIT $949 million (CNY 6.9 billion), ICBC Credit Suisse Hebei Expressway Group REIT $784 million (CNY 5.7 billion), CICC Yinli Consumer Infrastructure REIT $454 million (CNY 3.3 billion).  Top 10 Largest China A-Share IPOs by Sector – 5 from Infrastructure / Real Estate, 3 from TMT, 2 from Industrials.  Largest China A-Share IPOs by Stock Exchange – Shenzhen Stock Exchange (China Resources Commercial Assets REIT $949 million).  China Top 3 Active IPO applicants by Sector – Industrials 41%, TMT 26%, Healthcare / Life sciences 10%.  See below for key findings & summary | View report here

“ KPMG Chinese Mainland & Hong Kong IPO Markets Mid-Year Review 2024: 513 Global IPOs with $100.7 Million Average Deal Size & Total $51.6 Billion Funds Raised, 27 Hong Kong IPOs with $54.8 Million Average Deal Size & Total $1.4 Billion Funds Raised, 52 China IPOs with $151 Million Average Deal Size & Total $7.7 Billion Funds Raised, Hong Kong IPO Funds Raised by Sector TMT 37%, Healthcare / Life Sciences 15%, Infrastructure / Real estate 15% & Others 33%, China IPO Funds Raised by Sector Infrastructure / Real Estate 43%, TMT 27%, Industrials 24% & Others 6%, Largest IPO in China China Resources Commercial Assets REIT Raising $949 million (CNY 6.9 billion) on Shenzhen Stock Exchange “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2025 Investment Day
Hong Kong | Singapore
March / July / Sept / Oct / Nov
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place in Hong Kong and in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2025 Family Office Summit
10th April & 16th Oct Hong Kong Ritz Carlton | 24th April & 6th Nov Singapore Amara Sanctuary Resort
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2025 Family Office Summit | Register here


2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

KPMG Chinese Mainland & Hong Kong IPO Markets Mid-Year Review 2024: 513 Global IPOs with $100.7 Million Average Deal Size & Total $51.6 Billion Funds Raised, 27 Hong Kong IPOs with $54.8 Million Average Deal Size & Total $1.4 Billion Funds Raised, 52 China IPOs with $151 Million Average Deal Size & Total $7.7 Billion Funds Raised, Hong Kong IPO Funds Raised by Sector TMT 37%, Healthcare / Life Sciences 15%, Infrastructure / Real estate 15% & Others 33%, China IPO Funds Raised by Sector Infrastructure / Real Estate 43%, TMT 27%, Industrials 24% & Others 6%, Largest IPO in China China Resources Commercial Assets REIT Raising $949 million (CNY 6.9 billion) on Shenzhen Stock Exchange

Shanghai, China

KPMG has released the KPMG Chinese Mainland & Hong Kong IPO Markets Mid-Year Review 2024, providing insights & review of IPOs in China Mainland & Hong Kong.  See below for key findings & summary | View report here

 

KPMG Chinese Mainland & Hong Kong IPO Markets Mid-Year Review 2024

Summary 2024 1H

  1. No. of Global IPOs – 513
  2. Global average IPO deal size – $100.7 million
  3. Total 2024 1H IPO funds raised – $51.6 billion
  4. Global IPO deals > $1 billion – 6
  5. Key factors in 2024 – Geopolitical conflicts, Historical election year, Interest rate environment 
  6. Hong Kong IPOs – 27
  7. Hong Kong average deal size – $54.8 million (HKD 428 million)
  8. Hong Kong 2024 1H funds raised – $1.4 billion (HKD 11.6 billion)
  9. Hong Kong IPO funds raised by Sector – TMT 40%, Consumer markets 25%, Healthcare / Life sciences 13%, Others 22%
  10. Hong Kong No. of IPO by Sector – TMT 37%, Healthcare / Life sciences 15%, Infrastructure / Real estate 15%, Others 33%
  11. Hong Kong Top 3 Active IPO applicants by Sector – TMT 34%, Healthcare / Life sciences 23%, Consumer markets 20%
  12. China IPOs – 52
  13. China average deal size – $151 million (CNY 1.1 billion)
  14. China total funds raised – $7.7 billion (CNY 56.5 billion)
  15. China IPO funds raised by Sector – Infrastructure / Real estate 43%, TMT 27%, Industrials 24%, Others 6%
  16. China No. of IPO by Sector – Industrials 38%, TMT 31%, Infrastructure / Real estate 16%, Others 15%
  17. IPO funds raised by Shanghai Stock Exchange – $3.3 billion (CNY 24.4 billion)
  18. IPO funds raised by Shenzhen Stock Exchange – $1.8 billion (CNY 13.1 billion)
  19. IPO funds raised by ChiNext (Shenzhen) – $1.1 billion (CNY 8.7 billion)
  20. IPO funds raised by STAR Market (Shanghai Stock Exchange Science & Technology Innovation Board) – $1.1 billion (CNY 8.3 billion)
  21. IPO funds raised by Beijing Stock Exchange – $275 million (CNY 2 billion)
  22. Largest China A-Share IPOs in 2024 1H – China Resources Commercial Assets REIT $949 million (CNY 6.9 billion)
  23. Top 3 Largest China A-Share IPOs in 2024 1H – China Resources Commercial Assets REIT $949 million (CNY 6.9 billion), ICBC Credit Suisse Hebei Expressway Group REIT $784 million (CNY 5.7 billion), CICC Yinli Consumer Infrastructure REIT $454 million (CNY 3.3 billion)
  24. Top 10 Largest China A-Share IPOs by Sector – 5 from Infrastructure / Real Estate, 3 from TMT, 2 from Industrials 
  25. Largest China A-Share IPOs by Stock Exchange – Shenzhen Stock Exchange (China Resources Commercial Assets REIT $949 million)
  26. China Top 3 Active IPO applicants by Sector – Industrials 41%, TMT 26%, Healthcare / Life sciences 10%

 

 

KPMG Chinese Mainland & Hong Kong IPO Markets Mid-Year Review 2024

1) Global IPO 

3 Key factors in 2024:

  • Geopolitical conflicts 
  • Historical election year 
  • Interest rate environment 

Global IPO Review 2024 1H:

  • No. of Global IPOs – 513
  • Average deal size – $100.7 million
  • Total 2024 1H funds raised – $51.6 billion
  • IPO deals > $1 billion – 6

Global IPO funds raised:

  • 2020 – $279 billion
  • 2021 – $468 billion
  • 2022 – $196 billion
  • 2023 – $131 billion
  • 2024 1H – $51.6 billion

No. of Global IPOs:

  • 2020 – 1,493
  • 2021 – 2,510
  • 2022 – 1,520
  • 2023 – 1,371
  • 2024 1H – 513 (Hong Kong 27, China Mainland 52)

 

2) Hong Kong IPO

Hong Kong IPO Market – 2024 1H Review:

  • Completed IPOs – 27
  • Average deal size – $54.8 million (HKD 428 million)
  • Total funds raised – $1.4 billion (HKD 11.6 billion)

IPO funds raised by Sector:

  • TMT – 40%
  • Consumer markets – 25%
  • Healthcare / Life sciences – 13%
  • Others – 22%

No. of IPO by Sector:

  • TMT – 37%
  • Healthcare / Life sciences – 15%
  • Infrastructure / Real estate – 15%
  • Others – 33%

Active IPO applicants:

  • 2024 Q1 – 89
  • 2024 Q2 – 105

Top 3 Active IPO applicants by Sector:

  • TMT – 34%
  • Healthcare / Life sciences – 23%
  • Consumer markets – 20%
  • Others – 23%

Hong Kong IPO Market Outlook – 2024 2H:

  • Healthy IPO pipeline 
  • AI, new energy & cloud-based solution 
  • New measures from China Securities Regulatory Commission (CSRC)

 

3) China A-Share IPO

China A-shares ~ RMB (CNY) denominated shares of China Mainland-based companies on Shanghai Stock Exchange & Shenzhen Stock Exchange

China IPO Market – 2024 1H Review:

  • Completed IPOs – 52
  • Average deal size – $151 million (CNY 1.1 billion)
  • Total funds raised – $7.7 billion (CNY 56.5 billion)

IPO funds raised by Sector:

  1. Infrastructure / Real estate – 43%
  2. TMT – 27%
  3. Industrials – 24%
  4. Others – 6%

No. of IPO by Sector:

  • Industrials – 38%
  • TMT – 31%
  • Infrastructure / Real estate – 16%
  • Others – 15%

IPO funds raised by Stock Exchanges:

  • Shanghai Stock Exchange – $3.3 billion (CNY 24.4 billion)
  • Shenzhen Stock Exchange – $1.8 billion (CNY 13.1 billion)
  • ChiNext (Shenzhen) – $1.1 billion (CNY 8.7 billion)
  • STAR Market (Shanghai Stock Exchange Science & Technology Innovation Board) – $1.1 billion (CNY 8.3 billion)
  • Beijing Stock Exchange – $275 million (CNY 2 billion)

No. of IPO by Stock Exchanges:

  • ChiNext (Shenzhen) – 15
  • Shanghai Stock Exchange – 14
  • Beijing Stock Exchange – 10
  • STAR Market (Shanghai Stock Exchange Science & Technology Innovation Board) – 7
  • Shenzhen Stock Exchange (SZSE) – 6

Top 10 Largest China A-Share IPOs in 2024 1st Half:

  1. China Resources Commercial Assets REIT – $949 million (CNY 6.9 billion)
  2. ICBC Credit Suisse Hebei Expressway Group REIT – $784 million (CNY 5.7 billion) 
  3. CICC Yinli Consumer Infrastructure REIT – $454 million (CNY 3.3 billion)
  4. Guotai Junan Chengtou Kuanting Affordable Rental Housing REIT – $426 million (CNY 3.1 billion)
  5. Grandtop Yongxing Group Co.,Ltd – $330 million (CNY 2.4 billion)
  6. Solax Power Network Technology (Zhejiang) Co., Ltd. – $302 million (CNY 2.2 billion)
  7. E Fund Shenzhen Expressway REIT – $275 million (CNY 2 billion)
  8. Wuhan Dameng Database Company Limited – $233 million (CNY 1.7 billion)
  9. Xi’an Novastar Tech Co., Ltd. – $220 million (CNY 1.6 billion)
  10. Shanghai Longcheer Technology Co., Ltd. – $220 million (CNY 1.6 billion)
  11. 54% of of total IPO proceeds raised by top 10 IPOs in 2024 1H

Top 10 Largest China A-Share IPOs by Sector:

  1. $949 million (CNY 6.9 billion) – Infrastructure / Real Estate 
  2. $784 million (CNY 5.7 billion) – Infrastructure / Real Estate 
  3. $454 million (CNY 3.3 billion) – Infrastructure / Real Estate 
  4. $426 million (CNY 3.1 billion) – Infrastructure / Real Estate 
  5. $330 million (CNY 2.4 billion) – Industrials
  6. $302 million (CNY 2.2 billion) – Industrials
  7. $275 million (CNY 2 billion) – Infrastructure / Real Estate 
  8. $233 million (CNY 1.7 billion) – TMT
  9. $220 million (CNY 1.6 billion) – TMT
  10. $220 million (CNY 1.6 billion) – TMT

Top 10 Largest China A-Share IPOs by Stock Exchange:

  1. $949 million (CNY 6.9 billion) – Shenzhen Stock Exchange
  2. $784 million (CNY 5.7 billion) – Shanghai Stock Exchange
  3. $454 million (CNY 3.3 billion) – Shenzhen Stock Exchange
  4. $426 million (CNY 3.1 billion) – Shanghai Stock Exchange
  5. $330 million (CNY 2.4 billion) – Shanghai Stock Exchange
  6. $302 million (CNY 2.2 billion) – STAR Market (Shanghai)
  7. $275 million (CNY 2 billion) – Shanghai Stock Exchange
  8. $233 million (CNY 1.7 billion) – STAR Market (Shanghai)
  9. $220 million (CNY 1.6 billion) – ChiNext (Shenzhen)
  10. $220 million (CNY 1.6 billion) – Shanghai Stock Exchange

Active IPO applicants:

  • 2024 Q1 – 664
  • 2024 Q2 – 524

Top 3 Active IPO applicants by Sector:

  • Industrials – 41%
  • TMT – 26%
  • Healthcare / Life sciences – 10%
  • Others – 23%



Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    TrialMemberSubscribeInvestment EventsPrivate Wealth EventsFamily Office EventsFind Services / Advisors / InvestmentsFind Clients / Raise Capital


    Corporate MemberSubscriptionEvents (Speakers / Delegates / Booths)WebinarsSponsorshipAdvertise / MediaList B2B ServicesList B2C ServicesE-Newsletter 2 pm Feature to 10K+ Subscribers


    Investment Day HK (July, Sept, Oct)Investment Day SG (July, Sept, Nov)Family Office Summit HK 16th OctFamily Office Summit SG 6th Nov















    Web links may be disabled on mobile for security.
    Please click on desktop.









    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2025 Investment Day

    • March - Hong Kong
    • March - Singapore
    • July - Hong Kong
    • July - Singapore
    • Sept- Hong Kong
    • Sept - Singapore
    • Oct- Hong Kong
    • Nov - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]




    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014



    RELATED ARTICLESMORE FROM AUTHOR