Hong Kong Semi-IPO Share Unlock of HK$938.7 Billion Expected in H2 2026, EY Maintains Neutral View

According to EY, Hong Kong semi-IPO shares worth approximately HK$938.7 billion are expected to be unlocked between July and December 2026, with peak periods in July, September, and December. While the unlock wave may create selling pressure, EY maintains a neutral stance on its overall market impact.

EY Hong Kong capital markets spokesperson Lai Yunfeng noted that most institutional holders prioritize long-term value and returns, and may not immediately sell shares upon unlock. The actual selling pressure is expected to be significantly lower than the nominal figure, as major shareholders including controlling stakeholders, local governments, and state-owned platforms are focused on long-term strategic value rather than short-term exits.