耀才证券CEO:今年香港IPO募资逾3000亿,港股打新再现人海战术
Sou Hu Cai Jing·2025-10-25 08:19

Core Viewpoint - Hong Kong Exchanges and Clearing (HKEX) is expected to reclaim the top position in the global IPO fundraising market this year, driven by a strong pipeline of new listings in the fourth quarter [2] Group 1: IPO Market Outlook - The fourth quarter is traditionally a peak season for new listings, with an estimate of over 20 IPOs expected in the next two months, leading to a total of over 100 IPOs for the year [2] - As of October 24, 77 new listings have raised approximately HKD 196.7 billion, excluding upcoming IPOs such as Sany Heavy Industry (over HKD 12.3 billion), Cambridge Technology (approximately HKD 4.6 billion), Dipo Technology (around HKD 0.7 billion), and Baima Tea (over HKD 0.4 billion) [2] - The total IPO fundraising for the year is projected to exceed HKD 300 billion, with remaining new listings expected to raise several hundred million HKD [2] Group 2: Retail Investor Activity - Retail investors are actively participating in the IPO market, with many employing a family strategy to apply for new shares [2] - There is a notable trend of young individuals, some just turning 18, opening accounts to participate in IPOs, with their first trades often being new share applications [2] - Popular sectors among retail investors include dual-listed stocks (AH shares) and those with larger fundraising amounts, particularly in the healthcare and artificial intelligence (AI) industries [2]