Summary of Key Points Core Viewpoint The Hong Kong IPO market has seen significant activity from May 5 to May 11, with 8 companies submitting applications, 3 companies passing hearings, 1 company going public, and 3 companies listing. Group 1: IPO Applications - A total of 8 companies submitted IPO applications, including Zhongqi Yunlian, MIRXES, YS Intelligent, Xidi Zhijia, Tong Shifu, Zhejing Electronics, Zhongding Integration, and Fuyou Payment [2][3] - Zhongqi Yunlian, established in 2015, is a leading independent digital financial platform in China, with a projected revenue of 6.52 billion RMB in 2022, increasing to 9.91 billion RMB by 2024 [3] - MIRXES, founded in 2014, specializes in miRNA technology for disease screening, with projected revenues of approximately 177.59 million USD in 2022, growing to 202.83 million USD by 2024 [4][5] - YS Intelligent, focusing on AI-driven pharmaceutical solutions, has raised over 500 million USD from notable investors and has a post-money valuation of 1.33 billion USD [6] - Xidi Zhijia, a provider of autonomous driving solutions, reported revenues of 310.56 million RMB in 2022, expected to reach 410 million RMB by 2024 [7] - Tong Shifu, established in 2013, leads the copper cultural products market in China with a 35% market share, projecting revenues of 503 million RMB in 2022 [8] - Zhejing Electronics, a pioneer in smart cockpit solutions, reported revenues of approximately 214 million RMB in 2022, with expectations of growth [9] - Zhongding Integration, a provider of smart logistics solutions, reported revenues of approximately 1.643 billion RMB in 2022, with a projected increase [11] - Fuyou Payment, a digital payment technology platform, reported revenues of approximately 1.142 billion RMB in 2022, with growth anticipated [12] Group 2: Companies Passing Hearings - Heng Rui Pharmaceutical, a leading innovative pharmaceutical company, reported revenues of 21.275 billion RMB in 2022, expected to grow to 27.985 billion RMB by 2024 [13][14] - Ningde Times, a leader in battery manufacturing, is expected to raise between 4 billion to 5 billion USD in its IPO, with a market share of 37.9% in the global battery market by 2024 [15][16] - Jihong Co., a dual-driven company in cross-border e-commerce and paper packaging, reported revenues of 5.376 billion RMB in 2022, with growth expected [17] Group 3: IPO and Listings - Green Tea Group is set to launch its IPO, offering 168 million shares at a price of 7.19 HKD per share, with significant interest from cornerstone investors [18] - Boleton, listed on May 7, priced at 18 HKD per share, saw a closing price of 24.9 HKD, reflecting a 38% increase [19] - Hu Shang Ayi, listed on May 8, had an opening price of 190.6 HKD, closing at 158.4 HKD, a 40.03% increase from its issue price [20] - Jun Da Co., also listed on May 8, opened at 22.2 HKD and closed at 26.6 HKD, marking a 20.09% increase [20] Group 4: Market Developments - The Hong Kong Stock Exchange has launched a "Tech Company Fast Track" to facilitate IPO applications for technology and biotech companies, allowing for confidential submissions [21]

IPO Dynamics - Green Tea Group Limited has initiated its IPO process, set to end on May 13, 2025, with plans to list on the Hong Kong Stock Exchange under the stock code "6831" on May 16, 2025 [3] - The company plans to issue a total of 168,364,000 shares, with 16,836,400 shares available for public offering in Hong Kong and 151,527,600 shares for international offering [3] - Green Tea Group ranks third in the number of restaurants and fourth in revenue among casual Chinese restaurant brands in mainland China, indicating its market scale and strength for an IPO [3] Acquisition Dynamics - The Australian Competition and Consumer Commission (ACCC) has begun an informal assessment of Lactalis' proposal to acquire assets from Fonterra, with Rothschild acting as an advisor for Lactalis [5] - The ACCC is seeking public feedback on the acquisition, highlighting potential overlaps in raw milk procurement, dairy processing, and supply to food service businesses [5] - The acquisition could impact consumers and the market, as Lactalis may leverage its global network to enhance the visibility of Mainland Group's brands [5] Brand Dynamics - A Bathing Ape (Bape) has collaborated with singer JJ Lin to launch a limited edition series, coinciding with his concert tour [7] - The collection features three items designed in JJ Lin's favorite purple color, including a notable Bape Sta Color Camo Purple sneaker [7] - This collaboration is expected to create a new wave of demand due to the combination of Bape's streetwear appeal and JJ Lin's celebrity influence [7] Financial Data - Puma reported a 63.7% decline in EBIT for Q1 2025, dropping from €159 million to €57.7 million, with sales slightly increasing by 0.1% to €2.07 billion [22] - Sales in the Europe, Middle East, and Africa region grew by 5.1% to €891.7 million, while the Americas saw a 2.7% decline to €753.7 million, primarily due to poor performance in North America [22] - The Asia-Pacific region experienced a 4.7% sales decline to €430.5 million, with ongoing weakness in the Greater China market being a significant factor [22] - Pandora achieved a 7% organic sales growth in Q1 2025, with total sales reaching 7.35 billion Danish Krone, driven by an 18% increase in online sales [25] - The company maintains its forecast for 2025, expecting organic growth between 7% and 8%, with notable growth in the U.S. market at 11% [25] - European sales grew by 4%, with strong performances in mature markets like Spain and Portugal [25] Personnel Dynamics - Tory Burch has announced three management appointments, with Thibault Vilet becoming the new President for Asia-Pacific, Japan, Europe, and the Middle East [29] - Paolo Zullo has been appointed as the President for Europe and the Middle East, effective July 2025, overseeing retail, e-commerce, and distribution in the region [29] - Joshua Chen will join the brand, with Vilet continuing to report to CEO Pierre-Yves Roussel [29]

来源|贝多财经 5月8日，绿茶集团有限公司（HK:06831，下称"绿茶集团"）披露发售公告，于5月8日至5月13日招股。本次上市，绿茶集团计划全球发售1.68364亿股，包括 1.17854亿股新股和5050.92万股销售股份。 按照计划，绿茶集团预计将于2025年5月16日在港交所上市。本次上市，绿茶集团的发售价为每股7.19港元。据此计算，绿茶集团预计将募资约12.11亿港 元。其中，发行新股募资约8.47亿港元，售股股东出售股权价值约3.63亿港元。 据招股书披露，出售5050.92万股销售股份的股东为Partners Gourmet，其为在瑞士证券交易所上市的合众集团最终控制。截至2024年12月31日，合众集团的 在管资产均为1520亿美元。 2017年5月，Partners Gourmet斥资约6059万美元向Time Sonic收购了绿茶集团的部分股权。同期，Partners Gourmet参与了对绿茶集团的A轮投资，结合收购股 权，合计支付代价金额约7063万美元，持股30.0%。 天眼查App信息显示，绿茶集团的主要经营主体为杭州绿茶餐饮管理有限公司、西藏绿茶餐饮管理有限公司等。其中，西藏 ...

IPO动态 A股 本质A股没有公司上会。 新股上市： 5月5日，恒瑞医药通过港交所聆讯。 本周没有新股上市。 新股申购： 本周共有3只新股进行申购，下周暂未安排新股申购。 5月7日，汉邦科技(688755) 在科创板进行申购。 5月8日，太力科技(301595)、威高血净(603014) 分别在创业板和上交所主板进行申购。 港股 5月6日，宁德时代通过港交所聆讯；中企云链再次申请在港股上市。 5月7日，吉宏科技通过港交所聆讯；觅瑞集团再次申请在港股上市。 5月8日，英矽智能、希迪智驾申请在港股上市。 热点追踪 沪上阿姨港交所敲钟！创始人夫妇身家高达11亿美元 5月8日，沪上阿姨正式登陆港交所，以113.12港元/股的价格发行241.13万股H股，募资净额约1.95亿港 元。 本次IPO发行中，沪上阿姨引进了两名基石投资者——盈峰控股(香港)有限公司和华置贸易有限公司。 两家公司合计支出921.55万美元认购约62.613万股发售股份，占发售股份的25.97%，占发售完成后总股 份的0.60%。 其中，盈峰控股由盈峰集团持股42.55%，后者由美的集团创始人何享健之子何剑锋全资持有。 华置由A股上市公司华宝股份 ...

Core Viewpoint - Green Tea Group is launching its IPO on the Hong Kong Stock Exchange, aiming to raise approximately HKD 12.11 billion through the issuance of 168.364 million shares at an offer price of HKD 7.19 per share, with plans for expansion and infrastructure upgrades [1][2]. Group 1: IPO Details - The IPO will involve a global offering of 168.364 million shares, with 117.854 million new shares representing 25% of the total shares post-issue [1]. - The company has secured eight cornerstone investors who collectively subscribed for approximately HKD 673 million worth of shares [2]. - The funds raised will be allocated for expanding the restaurant network, establishing central food processing facilities, upgrading IT systems, and general corporate purposes [1]. Group 2: Company Background - Green Tea Group originated from a youth hostel established in 2004 in Hangzhou and opened its first restaurant in 2008, growing to a national network of 489 restaurants across 21 provinces, four municipalities, and two autonomous regions by April 2024 [2]. - The company is recognized as the third-largest casual Chinese restaurant brand by the number of restaurants and fourth by revenue in mainland China [3]. Group 3: Business Strategy and Performance - The company focuses on a diverse menu with popular dishes like Green Tea Roasted Chicken and Flame Shrimp, maintaining a high cost-performance ratio with an average consumer spending of RMB 50 to 70 [3]. - Revenue figures for 2022, 2023, and 2024 were reported at RMB 2.375 billion, RMB 3.589 billion, and RMB 3.838 billion, respectively, with net profits of RMB 17 million, RMB 296 million, and RMB 350 million [3]. - Future expansion plans include opening 150, 200, and 213 new restaurants in 2025, 2026, and 2027, focusing on smaller outlets for higher turnover rates and lower costs [3].

此次IPO项目全球发行约1.7亿股，招股价为每股7.19港元，预计净集资额最高约12.1亿港元。据百惠金控了 解，绿茶集团预计会在2025年5月16日挂牌上市。 绿茶集团有限公司（下称"绿茶集团"），股票代码6831.HK，于2025年5月8日至5月13日期间招股，百惠金控团 队担任联席账簿管理人及联席牵头经办人。 根据招股书披露，主研融合菜的绿茶集团成位于2008年，由一家西子湖畔的餐厅，经历大幅增长，扩展成现今 的极具规模的全国餐厅网络。按餐厅数量计，绿茶集团2024年在中国休闲中式餐厅品牌中排名第三。餐厅总数 由截至2021年的236家增至截至2023年的360家，复合年增长率为23.5%。目前已复盖中国21个省份、四个直辖 市及两个自治区，包括在香港的两家绿茶餐厅。 重要声明：以上内容由百惠金控提供，仅作参考，并不能完全代替投资者的判断和决策。投资者需要根据自身 风险承受能力情况和需求，建议进行分析和评估，以制定最合适的投资策略。 百惠金控，旗下的百惠证券(中央编号: BPQ161)获香港证监会发牌进行第一类及第四类受规管的持牌活动。同 时，旗下的百惠资本(中央编号: BSM550)持有第一类及第六类 ...

Group 1 - The core point of the article is that Green Tea Group (06831.HK) has commenced its public offering from May 8 to May 13, with a share price set at HKD 7.19 [1] - The company plans to issue 170 million shares, with 10% allocated for public sale in Hong Kong, aiming to raise a total of HKD 1.21 billion [1] - The expected listing date for Green Tea Group is May 16, with Citigroup and China Merchants International as joint sponsors [1] Group 2 - The company has secured HKD 680 million in margin financing from brokers, indicating strong investor interest, as the public offering has been oversubscribed by 4.6 times [1] - The entry fee for one board lot of 400 shares is HKD 2,905 [1]