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Current Affairs

Hong Kong’s IPO revival faces test as three new stocks stumble on debut

Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their…

By Samantha Johnson / September 29, 2026

Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs).

Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but its shares traded nearly 10 per cent below the offer price in morning trading.

Shenzhen Kinwong Electronic, which priced its shares at the top of the marketed range at HK$69.88, plunged as much as 8.1 per cent on its Hong Kong debut after raising HK$5.1 billion, though the stock later recovered those losses and rose nearly 11 per cent above its offer price.

The volatile debuts followed a mixed third quarter for Hong Kong listings. As of September 22, 26 companies had listed in the city during the quarter, including blockbuster IPOs from Zhongji Innolight, Shein and Luxshare, according to the city’s bourse operator.

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