Circulating Market Cap

HK IPO Term
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Definition
Circulating shares (excluding treasury shares held by the company) × share price. The Stock Connect rule wording is 'market cap', not 'circulating market cap'; the two differ only by treasury shares, which are equal for most companies.
Category
Stock Connect Inclusion

Basis

The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.

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About this page

This page explains the HK IPO term "Circulating Market Cap" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.

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