STOCKS | A-Share IPOs Averaged 233% First-Day Returns in First Half of 2026, EY Says

A report released by EY on June 24 said mainland China’s A-share IPO market saw no first-day price breaks in the first half of 2026, with an average first-day return of 233%, the highest level in the past five years. According to Jin10, EY’s China mainland and Hong Kong IPO market report also said Hong Kong-listed IPOs posted an average first-day return of 61% in the first half of 2026. The report added that the first-day break rate for new listings in Hong Kong was 12% during the period, marking the lowest level in the past five years.