Core Viewpoint - Hong Kong's electrical engineering contractor, Jinye International, saw its stock surge approximately 500% on its first trading day, marking a record in Hong Kong's IPO history with over 11,000 times oversubscription [1] Company Summary - Jinye International's IPO price was set at HKD 0.5 per share, raising a net amount of approximately HKD 31.3 million, which will primarily be used for pre-project costs and system upgrades [1] - The founder, Ye Jinyu, expressed surprise at the market's enthusiastic response, indicating that the listing on the Growth Enterprise Market (GEM) represents a significant milestone for the company [1] - The company currently has no timeline for transitioning to the main board [1] Industry Summary - The GEM primarily serves small and medium-sized enterprises with lower listing requirements compared to the main board, but it has historically faced liquidity issues [1] - The S&P Hong Kong GEM Index has seen a significant decline, dropping nearly 99% from its high of over 1800 points to just 21 points, indicating a lack of recovery in the Hong Kong stock market this year [1] - There have been suggestions from market participants to abolish the GEM and implement a single listing platform, with some GEM companies considering transitioning to the main board, as the current GEM listing environment is perceived to negatively impact company valuations [1]
视频|新浪独家专访港股“万倍超购王”金叶国际创始人及保荐人：上市流程顺利 市场反应惊喜！
Xin Lang Cai Jing·2025-10-10 06:02