Hong Kong's IPO Market Resurgence: Goldman Sachs Forecasts Record-Breaking Capital Raise in 2026

Goldman Sachs reports Hong Kong reclaimed the top spot in global equity financing in 2025. IPO momentum accelerated in 2026, with 40 listings raising $14 billion year-to-date, a 488% surge. Around 400 active applications reflect strong issuer confidence. The bank forecasts total equity supply of $110 billion for 2026, including $60 billion from new IPOs and $50 billion from post-IPO financing. This revival may boost growth for HKEX and mainland brokers with extensive overseas operations.

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LayerZero Clarifies KelpDAO Incident: rsETH Configuration Vulnerability Leads to Major Loss, Overall System Secure

LayerZero Labs details a security incident at KelpDAO involving a loss of approximately $2.9 billion. Attackers exploited RPC node vulnerabilities to forge cross-chain transactions. The impact was confined to rsETH's single DVN configuration. LayerZero confirms its protocol is intact, multi-DVN applications were unaffected, and there is no systemic contagion risk.

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