Six companies launch Hong Kong offerings worth up to HK$19.8 billion
The launches come as global markets stabilise following a ceasefire agreement in the Middle East
Published Wed, Jun 17, 2026 · 10:33 AM
[HONG KONG] Six companies launched Hong Kong offerings on Wednesday (Jun 17), seeking to raise as much as a combined HK$19.8 billion (S$3.2 billion), with Shenzhen-listed precision parts maker Lingyi iTech accounting for the largest deal, exchange filings showed.
The launches come as global markets stabilise following a ceasefire agreement in the Middle East. Hong Kong IPOs and second listings have raised US$21.5 billion so far in 2026, more than double the same period in 2025, according to LSEG data to Jun 11.
“Several companies launched their offerings today, which I believe is mainly because we are now entering late June,” said Kenny Ng, a strategist at China Everbright Securities International. “Typically, many issuers rush to launch their listings before the first half of the year ends to meet financial disclosure requirements.”
Ng said he expects SpaceX’s record listing will only have a limited impact on Hong Kong’s IPO market, because local investors have a relatively low participation rate in SpaceX’s share subscription.
“Instead, I believe the performance of the secondary market will have a more direct impact on investor enthusiasm for new listings,” he said.
The companies are seeking to raise capital through these listings, led by Lingyi iTech, a supplier of precision parts and hardware for artificial intelligence devices, which is looking to raise up to HK$8.3 billion.
In the semiconductor and tech hardware sectors, Chinese chip design firm SG Micro Corp aims to raise up to HK$4.6 billion, while Circuit Fabology Microelectronics Equipment plans to secure up to HK$3.2 billion.
Meanwhile, Indonesian gold miner Merdeka Gold Resources is seeking up to HK$2.39 billion through Hong Kong depositary receipts.
Rounding out the listings are AI firm Beijing Zhongke WengeAI Science and Technology, which aims to raise HK$900.5 million, and smart parking systems provider Keytop Parking, which plans to raise HK$399.9 million. REUTERS
