China Firms Seeking Second Listings Seen Boosting HK Deal Volume
- IPOs in the city may raise about $15 billion in 2025: KPMG
- Seres Group, Eastroc Beverage among names on investors’ radar
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Hong Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months.
Such listings could help lift Hong Kong’s initial public offering volumes to about $15 billion in 2025, according to a forecast by KPMG LLP, compared to $10.5 billion so far this year. Huawei Technologies Co.’s electric-vehicle partner Seres Group Co. and energy-drink maker Eastroc Beverage Group Co. are some of the companies listed in the mainland, known as A-share firms, that are considering selling shares in Hong Kong.