GEM - Progress Report for New Listing Applications

Progress Report for New Listing Applications (Initial Public Offering Applications)

New Applications Accepted
New Applications Accepted
Includes application(s) by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application(s) for transfer of listing from GEM to the Main Board, and deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6).
Main Board

   August 2023 2023 Year-to-date
    14 105
Approvals in Principle Granted
Approvals in principle granted

Includes application(s) by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application(s) for transfer of listing from GEM to the Main Board, and deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6).

Main Board
August 2023 2023 Year-to-date
6 50
Active Applications
Active applications

Includes application(s) by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application(s) for transfer of listing from GEM to the Main Board, and deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6).

Main Board
(as at 31 August 2023)
1. Under processing:
a. New application accepted since 1 January 2023 75
b. Others 21
    SUB TOTAL: 96
2. Approval in principle granted
a. Approvals granted since 1 January 2023 13
b. Others 7
    TOTAL: 116
Inactive Applications
Inactive applications
Includes any application (or renewal) not approved, returned, rejected or withdrawn within six months from date of application.
Main Board
(since 1 January 2023)
1.  Lapsed  
  a. Approval in principle granted but not listed prior to application lapsed  28
  b. Others 65
2. Rejected 0
3. Withdrawn 1
4. Returned  
 
 1
 TOTAL: 95
5. Renewals
 
 66
6. Returned cases resubmitted 
 
 0
TOTAL: 66
No. of New Listings
No. of New Listings
Not include (i) applications by investment vehicle(s) (including Exchange Traded Funds (ETFs) and Real Estate Investment Trust (REITs)) and investment companies pursuant to Chapters 20 and 21 of the Main Board Listing Rules and (ii) application(s) for transfer of listing from GEM to the Main Board.
Main Board
(since 1 January 2023)
1. Newly listed companies 37
2.
Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules
11
3. Transfer of listing from GEM to Main Board 2
TOTAL: 50
First Comment Letters Issued
First Comment Letters Issued

First comment letters are the first letters issued by Listing Department staff that contain the comments on the respective listing applications. It only covers the first comment letters issued this month. For reports issued from January 2011 onwards, non-business days have been subtracted from “the average number of days taken”. The figures exclude cases for a transfer of listing from GEM to the Main Board.  

Main Board & GEM
a. August 2023 6
b. Average number of days taken between the date of application and the date of issue of related first comment letter 11
Guidance Issued to Potential New Listing Applicants or Their Advisers on Matters Relating to the Listing Rules
Main Board & GEM
a. August 2023 6
b.
Average number of days taken between the date of request for guidance and the date of issue of written response

11

 

This report is updated on the last trading day of each month.