港股IPO狂飙：200+企业排队抢滩

Group 1 - The core viewpoint of the article highlights the significant growth in the Hong Kong IPO market, with 42 new listings raising HKD 107.1 billion in the first half of 2025, marking a 700% year-on-year increase and making it the most active IPO market globally [5] - Over 95% of the new listings were on the main board, with 211 companies still in the application process as of June 30, 2025, of which over 80% are first-time applicants concentrated in technology, new consumption, and healthcare sectors [1][3] Group 2 - The industry distribution of companies awaiting IPO includes 66 in software services (approximately 31%), 40 in healthcare (approximately 19%), and 31 in industrial manufacturing (approximately 15%), with other sectors like consumer, finance, and energy being more dispersed [2] - A surge of over 180 A-share companies are queued for Hong Kong IPOs, including major players in the supply chain and technology sectors [3] Group 3 - The article outlines the process for mainland companies seeking to list in Hong Kong, emphasizing the importance of choosing between H-share and red-chip models, with the former requiring approval from the China Securities Regulatory Commission [9][10] - Key steps in the IPO process include team formation, compliance rectification, application submission, regulatory review, pricing, and post-listing management, with a typical timeline of 6-12 months for preparation and 3-6 months for application and review [10][14][18]