With effect from 31 March 2023, a new chapter (“Chapter 18C”) has been added to the Main Board Listing Rules to provide a new listing pathway for Specialist Technology Companies.
The new rules welcome listing applications from companies operating in one of five Specialist Technology Industries: (i) next-generation information technology; (ii) advanced hardware and software; (iii) advanced materials; (iv) new energy and environmental protection; and (v) new food and agriculture technologies. Details of the respective acceptable sectors under each Specialist Technology Industry are set out in Chapter 2.5 Specialist Technology Companies of the Guide for New Listing Applicants (the “Guide”).
A company falling outside the existing list of industries or acceptable sectors may still apply to list under Chapter 18C if it can demonstrate to the Exchange that it has the requisite attributes as set out in Chapter 2.5 of the Guide. Such an applicant must submit a pre-IPO enquiry to the Exchange to seek confidential guidance before submitting an application under Chapter 18C.
This page provides a centralised point of information for market participants’ reference on the new listing route. Applicants and their advisers are also encouraged to consult the Exchange if they have any questions on, or difficulties complying with, any requirements under the new regime.