“Going public” is a key stage in the growth and development of a company. Obtaining a listing on the Hong Kong Stock Exchange enables a company to improve its standing in the business community and gives it greater access to equity and debt capital markets, while at the same time providing shareholders with an internationally recognised stock exchange on which they can freely trade their shares. It also provides a platform for companies to gain exposure in the Mainland market and for Mainland companies to seek an international listing. China-related stocks currently account for approximately 40% of the total market capitalization of the Hong Kong market according to Exchange data.

This Guide is intended to provide an overview of capital raising in Hong Kong and in particular of the IPO process for companies listing on the Main Board of the Exchange – from the pre-IPO investor stage through to listing. We trust you will find it a useful reference tool and a helpful introduction to the IPO process in Hong Kong.