Zijin Gold's $3.2B IPO delayed to Sept. 30, 2025, due to Super Typhoon Ragasa disrupting Hong Kong.

Zijin Gold International has delayed its US$3.2 billion IPO closing to September 30, 2025, due to Super Typhoon Ragasa impacting Hong Kong, which triggered the highest typhoon signal and disrupted key processes like investor subscriptions and document exchanges. The delay follows exchange rules requiring a one-day extension if a No. 8 or higher warning is issued during the retail bidding window. Related IPOs, including Shenzhen Hipine Precision Technology, are also postponed, while some deals like Chery Automobile’s remain unaffected. Despite the weather-related setbacks, strong investor demand was seen, with retail borrowing 164 times the offering size. Hong Kong’s IPO market remains robust, raising $18.5 billion in 2025—a 158% increase from last year—reclaiming its status as the world’s top IPO market.