RE:IPO Speeding up in July Preliminary data for August todate is 110 which implies 19 approvals for August which is quite good.
Hong Kong hosted 18 IPOs raising HKD6.6 billion in Q1 2023 ( about $50 million US ) versus 15 IPOs raising HKD13.6 billion in Q1 2022. ( about $100 m US )
This represented a 20% rise in deal volume but a 51% plunge in deal value.
In Q2 of 2023, Hong Kong hosted 13 IPOs raising $11.2 billion HKD which is about $100 million US per IPO
So, price wise, consistent with borders reopening and economic recovery there from, the average IPO raise of $100 million US in Q2 of 2023 is more or less back to normal pricing.
With both July and August prelim of 2023 showing stable numbers of IPO hosting, our time will come so be patient for a while yet..