Behind the scenes: Inside Midea’s mega Hong Kong IPO

In a deal that has reshaped Hong Kong’s IPO landscape, China’s home-appliance giant Midea successfully raised $4.6 billion in September, marking the city’s largest offering in years. From showcasing Midea’s transformative B2B growth to navigating the complexities of the listing process, Euromoney explores the key factors that led to the company's triumphant debut – and its implications for the future of Hong Kong's IPO market.

Midea, China’s leading home-appliance company, made a triumphant debut on the Hong Kong Stock Exchange last month, raising US$4.6 billion. This marks the largest Hong Kong IPO in three years and the second-largest globally this year.

The company’s stock surged 8% on the first day of trading and continued to soar, gaining more than 40% in just three weeks.

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Midea’s listing, which single-handedly accounts for 64% of the total funds raised in Hong Kong year-to-date, has become a beacon of hope for a resurgent market.

Behind the scenes: Inside Midea’s mega Hong Kong IPO

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Behind the scenes: Inside Midea’s mega Hong Kong IPO

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Thanks for your interest in Euromoney!To unlock this article:

The Trump effect: how tariffs rocked global equity markets – in five charts

Consolidating the consolidators: Why the proposed EU and UK tapes are only the beginning

Climbing the ranks: Bank of America stakes out European ECM ambitions

Asia’s private banking reimagined: Four forces reshaping wealth management

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