Report on Initial Public Offering Applications, Delisting and Suspensions (November 2024)

The November 2024 report on Initial Public Offering (IPO) applications, delistings, and suspensions by Hong Kong Exchanges and Clearing Limited (HKEX) highlights key regulatory activities. By November 29, there were 2,624 listed companies, with 61 newly listed and 46 delisted in 2024. The Exchange processed 235 IPO applications year-to-date, with 96 successfully listed and others under review, approved, or withdrawn. The median processing time for comment letters was 12-13 business days. Delisting activity included 29 companies removed due to rule-based procedures and 16 through voluntary withdrawal. Additionally, 65 companies faced prolonged suspension, with ongoing reviews for some. Investors are advised to consult detailed updates on the HKEX website.

Resources: https://www.hkex.com.hk/News/Market-Communications/2024/2411292news?sc_lang=en