Sou Hu Cai Jing·2025-06-10 09:13Group 1 - The core viewpoint of the articles indicates a significant recovery in the IPO business of securities firms in 2025, contrasting with the low activity in 2024 [1][2] - As of June 10, 2025, securities firms have sponsored 46 IPOs in the A-share market, a 15% increase from 40 in the same period last year, raising a total of 33.371 billion yuan, which is approximately 28.5% higher than the previous year's 25.977 billion yuan [1][2] - The Hong Kong IPO market has seen an extraordinary increase, with total fundraising reaching 77.667 billion HKD, a staggering 709% increase from 9.596 billion HKD in the same period last year [1][6] Group 2 - In 2025, 23 securities firms collectively raised 33.371 billion yuan from A-share IPOs, with six firms raising over 2 billion yuan each [2][5] - CITIC Securities and Guotai Junan Securities led the A-share market with six IPOs each, while CITIC Jianan Securities topped the fundraising amount with 7.934 billion yuan [4][5] - The average underwriting fee collected by the 23 firms was 0.97 billion yuan, with four firms exceeding 200 million yuan in underwriting income [5] Group 3 - The Hong Kong IPO market has seen 31 companies go public this year, with major firms like CATL and Mixue Ice City leading the charge [6][8] - CICC Hong Kong has sponsored eight companies, leading the market share at 16.67%, followed by CMB International and CITIC Securities Hong Kong with 10.42% and 8.33% respectively [7][8] - The surge in Hong Kong IPOs is attributed to a combination of market performance, regulatory reforms, and the increasing demand for Chinese companies to list abroad [8]