2 1 Shi Ji Jing Ji Bao Dao·2025-07-01 10:56Group 1 - The Hong Kong IPO market has seen significant growth in the first half of the year, with 43 new listings, an increase of 13 companies or 43.33% compared to the same period last year [1] - Total funds raised from these IPOs reached HKD 1,067.13 billion, a remarkable increase of 688.54% from HKD 135.33 billion in the previous year, surpassing the total for the entire year of 2024 [1] - Notably, three companies raised over HKD 10 billion each, all of which are mainland enterprises: CATL (HKD 410.01 billion), Hengrui Medicine (HKD 113.74 billion), and Haitian Flavoring and Food (HKD 101.29 billion) [1] Group 2 - The main sectors driving the IPO activity include technology, consumer goods, and pharmaceuticals, with 10 companies from the pharmaceutical sector and 10 from technology [3][4] - The Hong Kong Stock Exchange has implemented reforms to attract more quality tech companies, including lowering the market capitalization threshold for specialized tech companies [4] - The average subscription multiple for IPOs in Hong Kong has surged to over 600 times, the highest in nearly six years, indicating strong investor interest [6] Group 3 - The IPO market is expected to remain active, with 220 companies currently in the IPO queue, a significant increase from 80 applications in the previous year [8] - Predictions suggest that the total IPO fundraising for the year could exceed HKD 2,000 billion, with around 80 new companies expected to list [9] - The Hong Kong IPO market has outperformed other global exchanges, with a 24% share of global fundraising, highlighting its status as a key international financial hub [8]