Company Overview - Green Circle Decarbonize Technology Limited is a Cayman Islands holding company that develops and manufactures Phase Change Material (PCM-TES) storage systems, focusing on applications in cooling and heating systems through its Hong Kong subsidiary, Boca International Limited [5] Offering Details - The company announced the closing of the sale of an additional 375,000 ordinary shares at the IPO price of $4.00 per share, resulting in gross proceeds of $11,500,000, which includes the previously announced IPO gross proceeds of $10,000,000 [1] - The offering was facilitated by RBW Capital Partners LLC as the representative underwriter, with Revere Securities LLC acting as the co-manager [2] Regulatory Information - A registration statement on Form F-1 related to the offering has been filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on December 30, 2025 [3]

Core Insights - The Hong Kong IPO market is showing a vibrant start in 2026, achieving a record of zero IPO failures for the month and solidifying its position as a key financing platform for global new economy enterprises [2][4] Hong Kong IPO Market Overview - As of January 31, 2026, a total of 13 companies (including GEM) were listed on the Hong Kong Stock Exchange, an increase of 5 companies compared to the same period last year, marking a significant growth [4] - The total amount raised through IPOs reached HKD 39.255 billion, a staggering increase of 556.22% year-on-year, marking Hong Kong's return to the top of the global IPO fundraising rankings after six years [4] - The fundraising structure is becoming more balanced and healthy, with 11 companies raising over HKD 1 billion, 7 over HKD 3 billion, and 5 over HKD 4 billion [5][6] Sector and Company Highlights - Five hard technology companies, including Wallen Technology, were the main contributors to the fundraising, each raising over HKD 4 billion [6] - The consumer sector, exemplified by the leisure food chain "Mingming is Busy," also demonstrated strong capital attraction [6] - The hard technology sector continues to attract significant capital, reinforcing its dominant position in the market [7] Upcoming IPOs and Applications - In the period from January 26 to February 1, 2026, three companies from the hard technology sector passed the listing hearing, indicating ongoing interest in this field [8] - A total of 121 new IPO applications were received in January 2026, showcasing a robust pipeline of industry-leading companies across various sectors [10] US IPO Market Overview - In January 2026, three companies completed their listings in the US, with two using the SPAC method, indicating a rising trend in SPACs among Chinese companies [13][14] - SPACs accounted for two-thirds of the completed listings, highlighting their growing significance in the fundraising landscape [14][19] - The fundraising data shows that SPACs have become the dominant force, raising over USD 200 million, which constitutes more than 95% of the total fundraising for the month [19] Regulatory Environment - The recent policy upgrades in the US have significantly raised the listing thresholds, prompting Chinese companies to focus on enhancing their core competitiveness and compliance [22]

Group 1 - The core point of the article highlights the significant decline in the stock prices of several Chinese concept stocks, with TJGC Group experiencing the largest drop at 27.78% [1] - TJGC Group's latest price is reported at 1.040, with a decrease of 0.400 and a trading volume of 255,500 [1] - Baojia International saw a decline of 19.06%, with its latest price at 4.500, down by 1.060, and a trading volume of 956,300 [1] - Brain Rejuvenation Technology's stock fell by 14.53%, with a current price of 30.060, down by 5.110, and a trading volume of 14,102,600 [1] - Ridgetech's stock decreased by 14.46%, with a latest price of 2.360, down by 0.399, and a trading volume of 32,900 [1] - Dongfang Culture experienced a decline of 14.41%, with its latest price at 0.0101, down by 0.0017, and a trading volume of 4,632,400 [1]

Core Viewpoint - Baoga International has successfully listed on the US stock market, becoming the first Chinese company to go public in 2026, indicating a positive trend for Chinese firms in international markets [1] Group 1: Company Overview - Baoga International specializes in temperature control solutions and has officially begun trading on the US stock market under the ticker symbol "GCDT" [1] - The company issued 2.5 million shares at a price of $4 per share, raising a total of $10 million [1] Group 2: Fund Utilization - The funds raised will be primarily used for business expansion, operational optimization, production facility expansion, repayment of existing loans, and supplementing daily operational funds [1] Group 3: Market Performance - On its first trading day, Baoga International's stock opened at $4.3, a 7.5% increase from the issue price [1] - The stock price peaked at $5.6 during the day, representing a 35% increase from the issue price, reflecting market confidence in the company's business prospects [1] - By the end of the trading day, the stock closed at $4.21, maintaining a 5.25% increase, with a total market capitalization of $52.63 million [1]

Group 1 - The core point of the article highlights the significant stock price increases of several Chinese concept stocks, with Rich Sparkle Holdings leading the gains at 70.5% [1] Group 2 - Rich Sparkle Holdings (ANPA) closed at 143.240, up 70.50%, with an increase of 59.230 [1] - Star Map International (YIBO) saw a rise of 37.94%, closing at 1.0900, up by 0.2998 [1] - Baojia International (GCDT) increased by 32.07%, closing at 5.560, with a gain of 1.350 [1] - Roma Green Finance (ROMA) rose by 29.71%, closing at 2.270, up by 0.520 [1] - Direct Order Technology (ZDAI) experienced a 21.52% increase, closing at 0.4800, with an increase of 0.0850 [1]

Core Viewpoint - Green Circle Decarbonize Technology Limited has successfully closed its initial public offering, raising approximately $10 million through the sale of 2.5 million ordinary shares at a price of $4.00 per share [1][2]. Group 1: Offering Details - The initial public offering consisted of 2,500,000 ordinary shares priced at $4.00 each, resulting in gross proceeds of around $10 million before expenses [1]. - The underwriters have a 45-day option to purchase up to 375,000 additional shares at the public offering price [1]. - The final prospectus for the offering was filed with the Securities and Exchange Commission on January 13, 2026, detailing the terms of the securities sold [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for several purposes: 1. Construction of a factory to expand production capacity 2. Acquisition of necessary machinery for production 3. Repayment of certain indebtedness and borrowings 4. General working capital purposes [2]. Group 3: Company Overview - Green Circle Decarbonize Technology Limited is a Cayman Islands holding company that operates through its Hong Kong subsidiary, Boca International Limited [5]. - The company specializes in advanced energy-saving solutions, utilizing proprietary phase change thermal energy storage materials and thermal engineering services [5]. Group 4: Underwriters and Legal Counsel - RBW Capital Partners LLC acted as the representative underwriter for the offering, with Revere Securities LLC serving as the co-manager [3]. - Nauth LPC provided legal counsel to the company, while Manatt, Phelps & Phillips, LLP served as counsel to the underwriters [3].

Group 1 - Baoga International officially listed on the US stock market on January 13, 2026, under the stock code GCDT, becoming the first Chinese concept stock to go public in the US in 2026 [1] - On its first trading day, Baoga International opened at $4.30 per share, a 7.5% increase from the issue price, reaching a peak of $5.60 during the day, and closing at $4.21, reflecting a 5.25% increase, with a total market capitalization of $52.63 million [2][3] - The company issued 2.5 million shares at $4 each, raising $10 million, which will be used for expanding production facilities, repaying loans, working capital, and other general corporate purposes [3] Group 2 - Aigou Holdings, which is expected to follow Baoga International in listing, operates in the consumer goods sector, offering products such as lighting, small home appliances, pet supplies, and smart home devices, with sales covering approximately 40 countries and regions across four continents [4] - For the first half of 2025 (unaudited), Aigou Holdings reported revenue of €74.32 million and a net profit of €9.54 million [4]

Core Viewpoint - GCDT.US, a green decarbonization technology company, made its debut on the US stock market, experiencing a significant stock price increase of 25% after resuming trading, indicating strong market interest in companies focused on energy efficiency and decarbonization solutions [1] Company Summary - GCDT.US raised approximately $10 million through its IPO, with net proceeds intended for factory construction to expand capacity, purchasing production equipment, repaying part of its debt, and supplementing general working capital to support future business development [1] - The company is registered in the Cayman Islands and operates primarily through its Hong Kong subsidiary, Boca International Limited, focusing on phase change materials (PCM) energy storage systems for cooling and heating applications [1] - GCDT.US provides energy-saving solutions based on proprietary phase change thermal storage materials and thermal engineering technology, aligning with global trends in decarbonization and energy efficiency [1] Industry Summary - The global push for emission reduction and energy transition is leading to increased attention from capital markets towards companies specializing in energy-saving and low-carbon technologies [1] - GCDT.US's entry into the US market is viewed as a significant example of companies in this niche accelerating their international financing efforts [1]

Core Viewpoint - GCDT International, a green decarbonization technology company, made its debut on the US stock market, experiencing a significant stock price increase of 25% after its IPO, which raised approximately $10 million for various business expansions and operational needs [1] Company Summary - GCDT International is a holding company registered in the Cayman Islands, primarily operating through its Hong Kong subsidiary, Boca International Limited [1] - The company focuses on the application of phase change materials (PCM) energy storage systems in cooling and heating sectors, providing energy-saving solutions aligned with global decarbonization and energy efficiency trends [1] Industry Summary - The global push for emission reduction and energy transition is leading to increased attention from capital markets towards companies specializing in energy-saving and low-carbon technologies [1] - GCDT International's entry into the US market is seen as a case of companies in this niche accelerating their international financing efforts [1]

Core Viewpoint - Green Circle Decarbonize Technology Limited is set to launch its initial public offering (IPO) of 2,500,000 ordinary shares at a price of $4.00 per share, aiming to raise $10 million in gross proceeds, with trading expected to commence on January 13, 2026 under the ticker symbol "GCDT" [1][2]. Group 1: Offering Details - The IPO consists of 2,500,000 ordinary shares priced at $4.00 each, with an additional option for underwriters to purchase up to 375,000 shares within 45 days [1][2]. - The expected gross proceeds from the offering are $10 million, before deducting underwriting discounts and commissions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for the construction of a factory to expand production capacity, acquisition of necessary machinery, repayment of certain debts, and general working capital [3]. Group 3: Company Overview - Green Circle Decarbonize Technology Limited is a Cayman Islands holding company that operates through its Hong Kong subsidiary, Boca International Limited, focusing on advanced energy-saving solutions using proprietary phase change thermal energy storage materials [7].