Main Board - Progress Report for New Listing Applications

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

APPLICATIONS PROCESSED
APPLICATIONS PROCESSED
The number of applications processed also includes application for transfer of listing from GEM to the Main Board, application for listing of a successor company which satisfies the new listing requirements under Main Board Chapter 8 as a result of an acquisition of, or a business combination with, a De-SPAC target by a SPAC, and by deemed new applicant pursuant to Main Board Listing Rules 8.21C or 14.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6).

Renewal applications refer to applications accepted within three months following a lapsed application by the same applicant. In this context, the Exchange considers such renewal application as a continuance of its original application.

New applications include (i) applications filed with the Exchange for the first time; and (ii) applications filed after a returned, rejected or withdrawn application, or more than three months after a lapsed application by the same applicant.

For the applications processed in a relevant reporting year, they include applications that were approved by the Listing Committee prior to, or during, the relevant reporting year. As at the date of this report, 66 Main Board applications and 3 GEM applications were approved by the Listing Committee during 2024.
MAIN BOARD

     2024 Year-to-date
1.    Applications brought forward from 29 December 2023 and renewal applications 71
2.    New applications accepted in 2024 (1) 123
      TOTAL: 194
THE APPLICATION STATUS OF WHICH
THE APPLICATION STATUS OF WHICH
The number of applications processed also includes application for transfer of listing from GEM to the Main Board, application for listing of a successor company which satisfies the new listing requirements under Main Board Chapter 8 as a result of an acquisition of, or a business combination with, a De-SPAC target by a SPAC, and by deemed new applicant pursuant to Main Board Listing Rules 8.21C or 14.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6).

Renewal applications refer to applications accepted within three months following a lapsed application by the same applicant. In this context, the Exchange considers such renewal application as a continuance of its original application.

New applications include (i) applications filed with the Exchange for the first time; and (ii) applications filed after a returned, rejected or withdrawn application, or more than three months after a lapsed application by the same applicant.
MAIN BOARD

     (as at 29 November 2024)
1.    Listed (2) 58
2.    Approved by the Listing Committee pending listing 15
3.    Under processing 75
4.    Others (i.e. lapsed (3), rejected (4), returned (4) (5) or withdrawn) 46
      TOTAL: 194
PROCESSING TIME
MAIN BOARD & GEM

First Comment Letters Issued in November 2024 on New Applications

 5

Median of business days taken by the Exchange for issuing first comment letter 

 12

All Comment Letters Issued in November 2024 on Applications

13

Median of business days taken by the Exchange for issuing comment letter 

 13

Guidance Issued in November 2024 on Potential New Applications on Matters Relating to the Listing Rules

10

Median of business days taken by the Exchange for issuing written response

 10

Applications presented to the Listing Committee hearing for the 12 months ended 29 November 2024

 77

1. 

Median of total business days taken by the Exchange to issue comments from the listing application date to Listing Committee hearing

 33

2. 

Median of total business days taken by parties other than the Exchange (e.g. sponsors) from the listing application date to Listing Committee hearing

 95

3. 

Median of total business days taken from the listing application date to Listing Committee hearing

 132

New Listings for the 12 months ended 29 November 2024 (6)

 75

Median of total business days from the Listing Committee hearing to listing

 37
(1) New Applications accepted in November 2024 include 10 Main Board applications, 0 GEM applications, and 4 applications pursuant to Chapter 20 of the Main Board Listing Rules.
(2) Including nil transfer of listing from GEM to the Main Board, 1 listing of a successor company which satisfies the new listing requirements under Main Board Chapter 8 as a result of an acquisition of, or a business combination with, a De-SPAC target by a SPAC, and nil listing of a deemed new applicant pursuant to Main Board Listing Rules 8.21C or 14.84/ GEM Listing Rule 19.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6)/ GEM Listing Rule 19.06(6).
(3) An application shall lapse when six months have elapsed since the submission of an application form pursuant to Main Board Listing Rule 9.03/ GEM Listing Rule 12.07.
(4) Nil rejection and nil return of listing application for the year to date. If an application is rejected or returned, the same applicant may resubmit a new listing application once it has subsequently satisfied all applicable Listing Rules.
(5) Applications returned on the ground that the information in the listing application proof or related documents is not substantially complete.
(6) Not include listings 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.

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