Hong Kong's IPO market surged in the first nine months of 2026, with 112 companies raising US$48.4 billion on the main board—doubling from the prior year and reaching the highest level since 1980. Though trailing Nasdaq's US$144 billion (boosted by SpaceX's record US$86.2 billion offering), Hong Kong outpaced the NYSE and is positioned for strong year-end activity with over 500 companies in its listing pipeline.