Since the beginning of the year 2023, Hong Kong stocks have welcomed 51 IPOs (46 IPOs, 2 introductory listings, 3 transfers), raising a total of HK$27.43 billion. In the last week (October 15 to October 21), 0 companies went public, 2 companies offered shares, 1 company passed the hearing, and 1 company submitted a listing application.
In the last week, there were 2 companies$GUOQUAN (02517.HK)$Food and$J&T EXPRESS-W (01519.HK)$Stock offering. Among them, Polar Rabbit Express began offering shares on October 16. According to foreign news reports, Polar Rabbit Express's international placement is already in full.
$K cash (810474.HK)$Through the hearing and$Cloudchain Group Co Ltd (810540.HK)$China submitted a report to the Hong Kong Stock Exchange for the first time. Among them, the Chinese enterprise cloud chain$CRRC (01766.HK)$A supply chain finance company established by many other central enterprises.
According to market sources, the animation derivatives brand Card Game is considering going public in Hong Kong and is in contact with CICC and Morgan Stanley; Chayan Yuese is currently discussing a listing plan and plans to go public in Hong Kong. Earlier, it was also reported that new-style tea drinks such as Bawang Chaji, Snow Ice City, and Guming were to be listed in Hong Kong. Currently, Guoyuan is currently offering shares, Tea Baidao has already submitted a statement, and consumer industry companies may be leading a wave of listings.
1. IPO (0 companies)
In the last week, 0 new companies went public.
II. Stock offering (2 companies)
In the last week, 2 companies offered shares.
1. Pot ring food
Pot Circle (1519.HK) has begun offering shares. The prospectus date is from October 20, 2023 to October 26, 2023, and is expected to be listed on the Hong Kong Stock Exchange on November 2, 2023.
Pot Circle is a leading and rapidly growing at-home food products brand in China. It has only 10,000 franchise stores. In terms of global sales, the distribution ratio is about 2.51%. Based on the issue price of 598 yuan, it raised about 411 million yuan. Its total market value is about 16.378 billion yuan, and the market value of H shares is 10.701 billion yuan.A total of 4 cornerstone investors participated this time, and shareholding contracts accounted for 53.77% of global sales.
2. Polar Rabbit Express-W
October 16, Southeast Asia Express$J&T EXPRESS-W (01519.HK)$The public offering has commenced, and is expected to be officially listed on the Hong Kong Stock Exchange on October 27. According to foreign news reports, the international placement of Jitu Express has already been fully sold. The public placement prospectus closed at noon today (19th). The total margin subscription amount for this share was 377 million yuan, accounting for 0.96 times the amount raised from the public offering, which is close to full amount.
Internet brokerage firm Futu Securities lent the most, followed by brokerage firms such as Tiger International, Huasheng Securities, and TradeGo.TradeGo is a fintech brokerage firm.
Related reading:Extreme Rabbit Express-W (1519.HK) was fully subscribed, and 12 brokerage firms released a total of HK$377 million in margin
3. Passed the listing hearing (1)
In the last week, 1 company passed a listing hearing.
1. K Cash
K Cash passed the Hong Kong Stock Exchange hearing on October 19, 2023 and will be listed on the Hong Kong Main Board. The co-sponsors are DBS Asia and$PING AN (02318.HK)$capital. The company is the leading licensed money lending platform in Hong Kong. Revenue for 2022 was HK$234 million, net profit of HK$68 million, net interest rate of 29.01%, revenue for the first five months of 2023 was HK$105 million, and net profit of HK$23 million.
4. Form delivery company (1)
In the last week, a company submitted a listing application on the Hong Kong Stock Exchange.
1. China Enterprise Cloud Chain
On October 18, 2023, the Chinese enterprise Cloud Chain submitted a prospectus to the Hong Kong Stock Exchange to be listed on the Hong Kong Main Board. This is the first time the company has submitted a listing application. The co-sponsors are CITIC Construction Investment, Agricultural Bank International, ICBC International, and Maishi Capital. The company is China's leading digital finance platform for independent industries. Revenue for 2022 was 652 million yuan, net profit was 46 million yuan, revenue for the first six months of 2023 was 399 million yuan, and net profit was 62 million yuan (up 454.82% year on year)
5. Recent market conditions for Hong Kong stock IPOs
According to LiveReport big data, the average issued market value of the nearly 10 listed IPOs was 7.676 billion dollars, and the maximum market capitalization was$FOURTH PARADIGM (06682.HK)$, the minimum market value is$MAIYUE TECH (02501.HK)$; The average distribution PE is 11.69 times, and PE is at the middle level; the average number of subscribers is 6265, and the average subscription ratio is 14.92; the average cornerstone proportion is 47.37%, and the cornerstone ratio has recently rebounded;
Recently, the Hong Kong IPO market has been alternating hot and cold, and there has been a small peak in IPO listings. The dark market for the last 10 IPOs fell by an average of 0.35%, with an average increase of 0.40% on the first day. Maiyue Technology, which was recently listed,$SHIYUE DAOTIAN (09676.HK)$It performed well; however$NEUSOFT XIKANG (09686.HK)$and$TIAN TU CAPITAL (01973.HK)$Both the dark market and the first day fell sharply, lowering the average rise and fall in the IPO market.
Source: LiveReport Big Data