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Hong Kong IPO Market Raised Over HK$140 Billion, Leads Globally

Hong Kong has raised more than HK$140 billion (US$17.87 billion) in IPOs as of April, maintaining its position as the world's top fundraising hub. Financial Secretary Paul Chan said average daily turnover exceeded HK$280 billion since March. However, industry experts warn Hong Kong could lose its lead to the US this year due to expected mega IPOs from companies like OpenAI and SpaceX.