According to Futu News on December 24, since December, six companies have listed on the Hong Kong Stock Exchange, with five of them rising on the first day, an increase rate as high as 83.3%. Among them, a surge of star IPOs has emerged. $MAO GEPING (01318.HK)$ At that time, the highest profit for a single share on the first day of listing reached 2,280 Hong Kong dollars. $XIAOCAIYUAN (00999.HK)$ 、 $HERBS GROUP (02593.HK)$ 、 $DOBOT (02432.HK)$ 、 $REFIRE (02570.HK)$ There was an increase on the first day, only $DMALL (02586.HK)$fell below its issue price.

The hottest IPOs in December were Maogeping and Herbs Generation Group Holdings Limited, with subscription multiples reaching 919.18 times and 6083.63 times respectively:

• Maogeping

Hong Kong IPO "Frozen Capital King" $MAO GEPING (01318.HK)$ During the entire subscription period, Mao Ge Ping's subscription amount through Futu reached 90.5 billion Hong Kong dollars, becoming the TOP1 in Futu's new share subscription billion club, surpassing the previous amounts of$ANGELALIGN (06699.HK)$(45.3 billion Hong Kong dollars), $KUAISHOU-W (01024.HK)$ (42.6 billion Hong Kong dollars) in IPO subscriptions.

According to public data, Mao Ge Ping is a leading high-end beauty group in China. Based on data from Frost & Sullivan, the company is the only Chinese company among the top ten high-end beauty groups in the Chinese market, ranking seventh in retail sales of all high-end brands under each group in 2023, with a market share of 1.8%.

China Merchants pointed out that as a scarce high-end positioning cosmetics brand in China, Mao Ge Ping is currently in a brand momentum rise phase, with products driven by explosive items and a second-tier matrix layout. In terms of channels, the number of stores is expected to grow steadily, while with the expansion of the product matrix and increased repurchase loyalty, same-store income still has room for improvement.

Credit Suisse pointed out that it is Bullish on the company's continued rapid performance growth, relying on the continuous increase in market share against the backdrop of steady industry scale growth in the future, and with optimization of product structure and Operation efficiency, there is further room for improvement in profitability.

• Herbs Generation Group Holdings Limited

Previously,$HERBS GROUP (02593.HK)$The IPO was oversubscribed by over 6000 times, making it the king of oversubscription in the Hong Kong IPO market this year. Herbs Generation Group Holdings Limited has been a diversified supplier of health and beauty and skincare products based in Hong Kong for over twenty years. The company adopts a multi-channel sales model and focuses on developing, selling, and marketing its own branded products. Since its establishment in 1999, the company has sold numerous categories of products and actively built its own brands.

2025 New Share Outlook

According to the KPMG report, as of December 8, the Hong Kong Stock Exchange raised a total of $10.4 billion (approximately HK$82.9 billion) this year, ranking fourth in the world. Compared to the same period last year, the total fundraising amount by the Hong Kong Stock Exchange has increased by over 70%, reaching more than HK$80 billion. After the lowest IPO fundraising in a decade in 2023, there has been a 'bottom rebound' this year.

In an interview, Hong Kong Stock Exchange CEO Bonnie Chan Yi-ting expressed optimism that the Hong Kong IPO market will see a noticeable recovery in 2025. Deloitte also expects significant growth in the number of new stock issuances and financing amounts on the Hong Kong Stock Exchange next year, reflecting increased confidence from international investors in the Hong Kong stock market.

Upcoming IPOs.

$MINIEYE (02431.HK)$ The dark market opened high, rising by 5.88%, with a total market value of 7.058 billion Hong Kong dollars, and will be listed on December 27.

$HEALTHYWAY INC (02587.HK)$ 、 $INNOSCIENCE (02577.HK)$ 、 $XUNFEIHEALTH (02506.HK)$ Will start the dark market on December 27 and be listed on December 30.

For details, please click to view >> Newbie Guide: How to apply for new stocks? 5 days to remember.

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Editor/Danial