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Ernst & Young's China mainland and Hong Kong IPO market report says 1H 2026 A-share market saw a notable valuation rebound amid an improved macro backdrop and stronger investor confidence, with P/E ratios higher than a year earlier. The A-share IPO m

2026-06-24

Ernst & Young's China mainland and Hong Kong IPO market report says 1H 2026 A-share market saw a notable valuation rebound amid an improved macro backdrop and stronger investor confidence, with P/E ratios higher than a year earlier. The A-share IPO market recorded no listings that opened below issue price and posted an average first-day return of 233%, the strongest in five years.

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SpaceX (SPCX.O) shares extended gains to 5.3% during the session.

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