2020 is destined to go down in the annals of history, when a sudden epidemic swept the world and the global economy shook.

Despite all the uncertainties, the Hong Kong stock IPO market is still making history. According to public data, as of December 31, 2020, a total of 144companies have been listed on the Hong Kong main board, raising a total of HK $359.503 billion.

Compared with HK $315.5 billion raised in 2019, the number of new shares fell 12 per cent in 2020, while the amount of new shares raised increased by 26 per cent.

Deloitte China

Supported by the large-scale listing of new economic stocks in Hong Kong, the amount of new shares raised in Hong Kong this year is expected to be the highest since 2010, second only to Nasdaq's 441 billion yuan, making it the second highest in the world in 2020, followed by the Shanghai Stock Exchange.

In the new wave, wonderful dramas continue to be staged:

Ninety-nine sets off the first wave of a new feast.

Unprofitable pharmaceutical star stocks are highly sought after

Hot property stocks listed in a pile.

Chinese stocks collectively perform the temptation to go home.

Smoore International Holdings Limited soared by 370%

NONGFU SPRING CO., LTD. became the strongest frozen capital king in history.

The listing of the world's largest unicorn ant group has been suspended.

Bubble Matt grabs the market.

......

In the booming Hong Kong stock IPO market, which new shares left the deepest impression on investors? Come and follow the IPO king of the year to see the list of the annual king of new shares. (statistics of the following list as of December 24, 2020)

The king of the first day income: Smoore International Holdings Limited

The biggest meat label in 2020 will be Smoore International Holdings Limited, the first stock of e-cigarettes.

It went public in July.$Smoore International Holdings Limited (06969.HK) $It has brought summer to the Hong Kong stock IPO market. In the dark market of Fortune Road, Smoore International Holdings Limited closed up 101%, with a profit of HK $12500 per hand, ranking third on the list of dark market turnover of Fortune Road. On the first day of listing, Smoore International Holdings Limited was the first to win, closing up 150%, setting a new record for new shares so far this year with a gain of HK $18600 (sold at the closing price). In addition to the outstanding performance on the first day, according to Futu data, by the end of December 24, 2020, Smoore International Holdings Limited's listing had risen by 374%, making it the well-deserved king of annual cumulative performance.

Judging from the close of the first day of listing, there are four new shares with a first-hand income of more than 10,000 yuan on the first day of 2020, SaaS concept stocks.$Ming Yuan Cloud Group (00909.HK) $, Biopharmaceutical Unit$Ojai Vision Biology-B (01477.HK) $及$Peijia Medical-B (09996.HK) $It is also the dark horse of new shares this year, which has brought huge profits for newcomers.

Top of the first-day increase: Koli Industrial Holdings

In 2020, there were 11 companies with a first-day increase of more than 100%.Among them, the enterprises with the highest growth rate are the established contract manufacturers of household appliances.$Corley Industrial Holdings (01455.HK) $, followed by$02115.HK (Tencent) $. Most of the companies with the highest growth rates are companies with small market capitalization and low pricing. Among the companies with larger market capitalization, only Oukangwei Biology and Smoore International Holdings Limited are at the top of the list.

Of course, due to the difference in the cost of each new stock, the highest increase on the first day is not the same as rich earnings, and from a long-term point of view, the company's fundamentals are not necessarily related to the first-day increase.

The first day of decline: southeast Asian alphabet stocks

Judging from the first-day close, the overall first-day failure rate of new stocks in 2020 was 34.1%, of which Southeast Asian alphabet stocks accounted for the top three on the list of first-day losses.Has become a heartache for new investors.

Previously, the Hong Kong stock IPO market has been circulating the saying that "letter stocks are invincible". In fact, the reason behind this is that these new stocks from Southeast Asia generally have low share prices, low speculation costs and strong speculative meaning. These small market capitalization new stocks tend to fluctuate greatly after listing, breaking out at a time of disagreement, and investors need to beware of the risk of break.

Malaysian animal feed companies, which surged 176% on their first day of listing,$RITAMIX (01936.HK) $It rose continuously in the following 55 trading days, with a cumulative increase of 538%, making it the most eye-catching new stock at one time. However, RITAMIX's share price has plummeted since the end of July, and the company's market capitalization has shrunk by more than 88.4% in just two trading days and has so far fallen below its offering price. The myth of demon stocks in Southeast Asia finally proved to be a farce of capital speculation.

Fundraiser King: JD.com

The top five Hong Kong stocks raised a total of HK $123 billion in IPO in the first half of 2020, down 31 per cent from HK $178.5 billion last year.

JD.com is at the top of the list of IPO fundraising in Hong Kong this year, including those who have been listed for the second time.$JD.com Group-SW (09618.HK) $He was elected king of fundraising of the year, raising nearly HK $34.6 billion, while JD.com 's Internet Medical Unicorn$JD Health (06618.HK) $It was closely followed by a fund raising of HK $310.

In terms of the sector, the Chinese stocks listed in Hong Kong for the second time are particularly prominent in the ranking of the amount of capital raised.，$NetEase, Inc-S (09999.HK) $、$Yum China-S (09987.HK) $、$GDS Holdings Limited-SW (09698.HK) $、$New Oriental Education & Technology Group-S (09901.HK) $和$ZTO Express-SW (02057.HK) $The funds raised are all over 10 billion Hong Kong dollars.

The King of Frozen Capital: NONGFU SPRING CO., LTD.

Known as "Maotai in the water"$NONGFU SPRING CO., LTD. (09633.HK) $Set the hottest subscription record in the history of Hong Kong stocks. In the previous public subscription stage, more than 700000 people applied for NONGFU SPRING CO., LTD., a subscription multiple of 1148.3 times, and the bank locked in as much as HK $670.9 billion.The "King of Frozen Capital" in the History of Hong Kong Stock IPO。

NONGFU SPRING CO., LTD. 's capital freeze of nearly HK $700 billion broke the 12-year record of Hong Kong stock IPO "king of capital freeze" held by China Railway Construction Corporation (HK $535.4 billion).

King of overpurchase: Xingxing Group

With an overbought multiple of nearly 2000 times, Luxing Group won the crown of "overbought king".

Under the background of the market's preference for property stocks at the beginning of the year$Star Group (01941.HK) $和$Societe Generale (09916.HK) $Both are highly sought after, but it is worth noting that the two raised only HK $156 million and HK $199 million, respectively.

Other companies with the highest overpurchase ratio in 2020 are Ojai Vision Biology,$enjoy interaction (06988.HK) $、$Fulu Holdings (02101.HK) $、$Jiahe Bio-B (06998.HK) $、$New Stone Culture (01740.HK) $, Peijia Medical and NONGFU SPRING CO., LTD. are all overbought by more than 1000 times. Compared with only one new stock overbought in 2019, 2020 is indeed a new crazy era.

The king of demon stocks: Jetsinlong

Jetzilon, which went public in October, is a Malaysian supplier of clean room equipment, highly dependent on the Chinese and Southeast Asian markets. In terms of scale and competitiveness, it is not very prominent. It is supposed to be an inconspicuous note, but it is "full of evil spirit" because of the skyrocketing and plummeting trend.

On the first day of listing, Jetzilon opened 222% higher, rising to 286% at one point in intraday trading. By the close of December 24, Jetzilon was up more than 233%. This performance can be called a wonderful "unpopular IPO turnaround script".

But specifically, Jetzilon's liquidity is not strong, and it lacks the basis for a big rise, and the rise and fall does not seem to be dominated by market forces. according to past market experience, demon stocks "do not pay attention to martial arts morality" and often do not follow the rules. I suggest you enter the market cautiously.

The most expensive Hong Kong stock: New Oriental Education & Technology Group

New Oriental Education & Technology Group, a veteran educational institution in China, can be regarded as a relatively eye-catching one among the vast army of Chinese stocks returning to China. This time, New Oriental Education & Technology Group won three firsts-- becoming the first education group to be listed in Hong Kong, winning the title of "the largest listed educational institution in Hong Kong stocks" and the title of "the most expensive Hong Kong stocks in history".

New Oriental Education & Technology Group's offering price is set at HK $1190, exceeding that of$Zai Lab Limited-SB (09688.HK) $, Tencent, set a record for the most expensive new Hong Kong stock, becomingThe first HK $1,000 Hong Kong stock。

The lowest signature in one hand: new Stone Culture / VESYNC

For the capital market, if the fundamentals, valuation and pricing are not taken into account, the success rate is lower, which generally means that the company is more favored by the capital market.

When it comes to the most difficult new shares to win in 2020, it is not JD Health, who has more than 800000 subscribers, or NONGFU SPRING CO., LTD., who has a capital freeze of nearly HK $700 billion, but Xinshi Culture, a film and television company, and small home appliance merchants.$VESYNC (02148.HK) $The result took everyone by surprise.

The success rate of Xinshi culture is only 1.5%, which is the lowest in the whole year, which has a lot to do with the small amount of money raised. After listing, subject to fundamentals, the epidemic and other factors, the new stone culture has broken down nearly 70% since the beginning of the year.

In contrast, the same "hard to get" VESYNC situation is diametrically opposed. Under the background of successive listings of leading consumer enterprises, VESYNC is more popular than property stocks and biomedical stocks in the same period, attracting nearly 360000 people to sign up, with a subscription multiple of 538 times and a success rate of only 1.54%. On the other hand, VESYNC rose 59% on the first day of listing and has risen nearly 120% so far, making it the brightest dark horse of the year.

Pigeon King of the year: ant Group

If Ant Group succeeds in listing, it will be this giant unicorn that dominates the list today.

According to the previously disclosed announcement, Ant Group H shares plan to raise 131.991 billion Hong Kong dollars, not only to become the "fund-raising king" this year, but also to surpass the records of BABA and Industrial and Commercial Bank of China, second only to AIA Group Limited, to become the second largest IPO in the history of Hong Kong stocks.

The Ant Group has ignited a new upsurge among the whole people. according to market news, the Ant Group's public offering in Hong Kong has received a total of 1.47 million subscribers, breaking the record of 977000 subscribers set by Industrial and Commercial Bank of China in 2006, and a total of HK $1.3 trillion, breaking NONGFU SPRING CO., LTD. 's record of HK $670.9 billion, becoming the strongest "frozen capital king" in Hong Kong stocks and the first "popularity king" subscribed by more than a million people.

However, it is sad that IPO, an ant with only one foot in the door, slammed on the brakes before going public.

What investors finally wait for is not the bell of the exchange, but a notice of suspension of listing. In the largest IPO in human history, a wealth feast came to an abrupt end.

In response to the emergency of Ant Group suspending IPO, Futu Securities waived the subscription fees and all bank financing interest of all participating subscribers, and the related costs were borne by Futu.

This announcement has been issued, the cow ring was instantly brushed on the screen, won the praise of many cattle friends.

The hottest sectors of the year: unprofitable pharmaceutical stocks and returning mainland-listed stocks

"going home" is one of the key words of the Hong Kong stock IPO market in the United States.The number of new shares in secondary listings increased from one last year to nine this year, raising a total of HK $131.327 billion. JD.com, NetEase, Inc, Yum China and other large US stocks have successively landed in the Hong Kong stock market.

High-quality technology giants gathered together to raise tens of billions of US dollars, and the return of Chinese stocks to Hong Kong has brought a huge warm current to the Hong Kong stock market this year.

Apart from the return of US-listed stocks to Hong Kong, Hong Kong has become the preferred fund-raising destination for biotech companies IPO. In 2020, there were 14 unprofitable biomedical new shares listed, an increase of nearly 60% over last year. The sector raised a total of HK $40.197 billion.

Most of the unprofitable biomedical new shares listed this year have performed well, only two have broken on the first day, and many new stocks have recorded good earnings, with an average increase of 28.9% on the first day.Among them, Oukangwei Bio-B performed the most brightly, with its first-hand income reaching HK $11170, up 152% at the end of the day.

Conclusion

Some people say that this is the best era for the new, with the acceleration of the return of Chinese stocks in the United States, the appearance of technology giants and star unicorns continue to energize the market. However, through follow-up observation, speculative innovation lurks huge risks, and only new stocks with strong fundamentals can always win the market.

The Hong Kong market, which is gradually taking shape in the nurturing soil of the new economy, is ushering in a period of unprecedented market heat and a substantial increase in the effect of making money. In this context, it is expected that the overall Hong Kong stock IPO market will continue to be hot in the future.

Which new stocks have impressed you in the Hong Kong stock market this year?

How is your record of playing new games of the year?

You are welcome to share in the comment area.