Hong Kong’s IPO pace picks up as 2 mainland Chinese firms get listing approval
Everdisplay Optronics and Galaxis Technology publish post-hearing information packs on the Hong Kong stock exchange
Semiconductor display manufacturer Everdisplay Optronics (Shanghai) and robotics firm Zhejiang Galaxis Technology Group have received approval to list in Hong Kong, marking steady progress in the city’s nearly 500-strong listings pipeline.
The two mainland Chinese companies published their post-hearing information packs on the Hong Kong stock exchange on Sunday, as the initial public offering (IPO) market in the city gathers pace once again after the Chinese New Year holiday. Neither firm disclosed their fundraising size or listing timetable.
Everdisplay Optronics, a leading advanced OLED screen maker listed in Shanghai, plans to use the new-share sale proceeds to upgrade manufacturing technology, fund research and development and repay debt.
Galaxis Technology, which focuses on advanced robotics systems for industrial and logistics applications, intends to channel the IPO proceeds into upgrading its robotics products, developing core technologies including the use of artificial intelligence, expanding production capacity and pursuing overseas expansion.
In 2025, Hong Kong’s capital markets saw one of their strongest years in recent memory, buoyed by robust secondary-market trading and a resurgence in new listings. The exchange topped the global ranking for IPO fundraising last year, with 119 firms raising a total of HK$285.8 billion (US$37 billion), helped by listings from mainland technology and innovation companies.