IPO Overview - In July 2025, a total of 20 companies went public, with 8 in A-shares, 9 in Hong Kong, and 3 in the US, marking a decrease of 6 from June 2025 and remaining flat compared to July 2024 [1][2][5] - The majority of IPOs were concentrated in the electronic information and biopharmaceutical sectors, with 3 companies each from these sectors listed in A-shares and Hong Kong [9][12] Exit Activities IPO Reductions - In July 2025, there were 544 instances of share reductions across 270 listed companies, with the number of shares reduced increasing by 150.99% and the amount reduced rising by 120.29% compared to June 2025 [19][20] - Compared to July 2024, both the number of shares and the amount reduced approximately doubled [19] Secondary Share Transfers - A total of 172 companies experienced secondary share transfer events in July 2025, with a year-on-year decrease of 11.34% compared to July 2024 [27] - Investment institutions participated in 153 of these events, accounting for about 88.95% of the total, although this was a decrease of 7 percentage points from June 2025 [27][28] Share Buybacks - There were 157 buyback events involving 155 companies in July 2025, representing a decrease of about 9% from June 2025 and a significant drop of over 40% year-on-year [29] - Investment institutions were involved in 126 buyback events, making up 80.25% of the total, which is a slight decrease from June 2025 but an increase of 25 percentage points compared to July 2024 [29][30] Investment Trends - The penetration rate of investment institutions in A-shares and Hong Kong IPOs increased compared to both June 2025 and the same period last year [9][12] - Notable investment institutions such as Jianyin International, Deyi Capital, and Shenzhen Capital participated in multiple successful IPOs in July 2025 [14][16] Sector and Regional Insights - The highest number of IPOs in July 2025 came from the Hong Kong main board, with 9 companies listed, followed by 4 on the Shenzhen Stock Exchange and 3 on the Shanghai Stock Exchange [7][12] - The regions with the most new listings included Jiangsu, Guangdong, and Beijing, each contributing 3 companies [12][14] Performance of Investment Institutions - Investment institutions like Nanjing Jingtai Heng, Hankan Capital, and Jiyuan Investment reported high returns from IPOs such as Weili Zhibo-B and Yitang Co., with significant IRR values [16][18]
7月港交所成IPO主战场，机构减持金额同比大涨130%