ASX:SLX.AX 28 January 2026

June 29, 2026, 10:10 PM EDT. Hong Kong slipped behind Nasdaq for global IPO fundraising after SpaceX's US$75 billion debut. Still, Hong Kong's IPO takings surged 84.3% year-on-year in the first half of 2026, pulling in US$26.42 billion from 83 main board deals. Chinese issuers drove most of it, grabbing 98.5% of the proceeds, led by tech groups at 53.1% of IPO funds. Analysts point to more mainland A-share firms taking the "A-to-H" path, selling stock in Hong Kong as well. Nasdaq held the top spot at US$112.42 billion, on the back of tech and aerospace names. NYSE came in third with US$14.73 billion. Hong Kong is still an important offshore spot for Chinese tech listings.