PwC has raised its forecast for Hong Kong's annual IPOs, now expecting the city to see 90-100 IPOs with a fundraising total of HKD200-220 billion for the entire year. Eddie Wong, a partner of Capital Market Services Group in PwC Hong Kong, noted that the forecast is relatively conservative taking into account uncertainties such as geopolitical issues and tariffs.

In the broker's estimates, there will be 2-3 companies raising over HKD10 billion in 2H25, while 3-4 companies will aim to raise HKD5-10 billion. In terms of fundraising amount, Hong Kong has the potential to rank first globally for the year with the IPO boom expected to continue at least until 1H26. Depending on market conditions, larger companies aiming to raise HKD30-40 billion may not list in 2H and could delay until 1H26.

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