The top 6 Hong Kong IPOs to watch out for in 2023 as the city seeks to regain pole position in global fundraising

Here are six highly anticipated IPOs to watch out for this year:

The Ant Group logo displayed at the company’s headquarters in Hangzhou, China. Photo: Bloomberg

Investors are eagerly awaiting news ant group‘s resumption of its postponed IPO. If China’s regulator allows this stock offering, it would be a clear indication that Beijing has largely ended its more than three-year tech crackdown. It also means an endorsement by financial regulators of the business fixes made by Ant.

However, the valuation of Ant, China’s largest digital payments company, has fallen significantly since 2020, when regulators halted its $34.5 billion simultaneous IPOs in Shanghai and Hong Kong as it shut down some operations and expand the Online lending slowed to meet new industry regulatory requirements. Net income for the quarter ended September fell 63 percent year-on-year, for a second straight quarter of declines, according to Alibaba’s earnings report.

Ant is about a third owned by Alibaba Group Holding, the Post’s parent company.

ByteDance is one of the most valuable startups in the world. Photo: Shutterstock

While the owner of the popular short video app has tick tock Repeatedly saying there is no timetable for a listing, a series of restructuring plans involving its Hong Kong branches have fueled speculation of an impending listing in the city.

The Chinese start-up had to postpone its IPO last year because of regulatory crackdowns on the tech industry and the rift between Beijing and Washington.

TikTok, which is hugely popular in the US, has created tensions between the world’s two largest economies. The app has been banned from all devices managed by the US House of Representatives amid concerns the Chinese government could use it to track Americans and censor content. A major challenge for the company is separating Douyin’s China-based operations from TikTok’s global operations, both of which use the same algorithm.

Once the most valuable start-up in the world, ByteDanceThe rating of was also struck by the regulatory restrictions that have approximately $1 trillion in market value erased by the Chinese technology companies trading abroad. ByteDance is now valued at about $300 billion, down from an all-time high of $400 billion a year ago.

Syngenta Group is expected to raise $10 billion in Shanghai’s tech-heavy Star market. Photo: Handout

SyngentaThe IPO of drew attention because the Basel, Switzerland-based company is a unit of state-owned China National Chemical Corp (Chinachem). The company is expected to raise $10 billion from Shanghai’s tech-heavy Star Market in what could be the world’s biggest stock sale this year.

Syngenta was formed in November 2000 from the merger of the agricultural subsidiaries of drug manufacturers Novartis and AstraZeneca. It has become one of the world’s largest suppliers of seeds, pesticides and fertilizers, competing with US company Corteva and German companies BASF and Bayer. It was acquired by Chinachem in 2017 for US$43 billion, which remains the largest acquisition of a foreign company by a Chinese firm. Chinachem merged with Sinochem in April 2021.

Syngenta plans to use the proceeds from its IPO to fund its growth and as a financial war chest to capture more of the $100 billion global seeds and agrochemicals market.

The Anta Sports subsidiary Aber Sports manufactures ice hockey sticks and tennis rackets, among other things. Photo: The Canadian Press via `

Chinese sportswear manufacturer Anta sports products is said to have started talks with investment banks about an IPO of its Finland-based subsidiary American sports, which can raise at least $1 billion. Anta Sports has a 47 percent stake in Amer Sports.

Amer Sports has grown through acquisitions, taking over manufacturers of ice hockey sticks and tennis racquets. Four students founded Amer as a tobacco company in 1950 and expanded into other areas such as shipping, printing and publishing before it began to focus on sporting goods stores and withdrew the tobacco division in the 1980s.

FWD Group could return to Investment Group Logos insurance business. Photo: Shutterstock

The Insurer, backed by Tycoon Richard Li Tzarkaicould revive its IPO plan this year if stock market sentiment improves. The FWD Group has suspended its share offering just eight days after the Hong Kong Stock Exchange approved its $1 billion listing plan last year, citing market turmoil. She submitted her application in February.

The Hang Seng index has rebounded more than 30 percent from a 13-year low on October 31 after China scrapped all Covid-19 curbs, dropped quarantine and testing requirements and allowed overseas travelers had to enter the country without restrictions.

FWD is among the top three insurance companies in Thailand and the Philippines.

The Chinese ride-hailing giant could list in Hong Kong after the US-Beijing firm largely concluded its year-long investigation I have by a fine of around 8 billion yuan ($1.2 billion) last year.

Didi was severely punished by Chinese regulators after ignoring a request from above and proceeding with its New York share offering in 2021. Just days after it began trading in the US on June 30, 2021, China’s cybersecurity regulator launched an investigation into the company citing data breaches and ordered the app to be removed from stores.