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HK · APAC · Main Board
HKEX Main Board
HKEX · Hong Kong · HKD
Gateway to mainland-China demand via Stock Connect; dual-counter HKD/RMB.
Eligibility · Meridian Renewables (example)
Conditional
1 requirement(s) not yet met — see eligibility below.
Min market cap
$64M
admission floor
Min free float
25%
public hands
Est. all-in
5.4%
on $700M
Time to list
22–26w
from kickoff
Regulator
SFC / HKEX
oversight
Eligibility check
✓
Market capitalisation
Requirement: ≥ $64M
$4.8B
✕
Free float
Requirement: ≥ 25%
~15%
✓
Operating history
Requirement: ≥ 3 yrs
11 yrs
✓
Profit / revenue test
Requirement: Profit / market-cap/revenue tests
Profitable
!
Governance standard
Requirement: HK Corp Gov Code
Gaps
✓
Accounting
Requirement: IFRS / HKFRS
IFRS
Rules as of 2026-Q2 · source: HKEX Main Board Listing Rules (SFC, HK). Compiled summary — validate against the primary source before filing.
Fees & cost
Est. all-in · $700M raise$38M 5.4%
Underwriting spread4.2% · $29M
Initial listing feeHK$0.6M
Annual feeHK$0.2M
Legal · audit · IR · other$8.2M
Total all-in$38M (5.4%)
Market quality & investors
Liquidity★★★★☆
Analyst coverage★★★★☆
Retail participation★★★★★
Institutional depth★★★★☆
Index inclusion
Hang Seng
Aftermarket: +14% avg first-day
Process & sectors
Typical time-to-list22–26w
RegulatorSFC / HKEX
Dual / secondary listingSupported
Min public shareholders300
Sector strength
TechRenewablesConsumerHealthcare
Notable listings: CGN New Energy, Xinyi Solar
Model HKEX in the Decision Center ▸Compare venues