Sou Hu Cai Jing·2025-10-31 15:46Core Insights - The article highlights a significant resurgence in IPO activity in both the Shanghai Stock Exchange's Sci-Tech Innovation Board and the Hong Kong Stock Exchange, with a total of seven companies going public on the same day, marking a long-awaited exit opportunity for investors [3][4][12]. Group 1: IPO Highlights - On October 28, three companies listed on the Sci-Tech Innovation Board: Xian Yicai, Heyuan Bio, and Bibet, with opening gains of 361.48%, over 200%, and 175% respectively [3][4]. - In Hong Kong, four companies, including Dipu Technology and Eight Horse Tea, also made their market debuts, with Dipo Technology seeing an opening increase of over 110% [3][5][6]. - The total market capitalization for these companies reached significant figures, with Xian Yicai surpassing 160 billion yuan and Dipo Technology reaching 175 billion HKD [3][4]. Group 2: Company Backgrounds - Xian Yicai, founded by Wang Dongsheng, aims to break foreign monopolies in silicon wafer production and became the first unprofitable company to be accepted under the new listing rules [4][9]. - Heyuan Bio, established by Dr. Yang Daichang, focuses on plant-based recombinant protein technology and was the first company to pass the new listing standards after a lengthy wait [4][10]. - Bibet, a biopharmaceutical firm founded by Qian Changgeng, specializes in innovative drug development for various diseases and has already launched one product [4][10]. - Dipo Technology, founded by Zhao Jiehui, has gained significant attention for its AI and data applications in enterprises, achieving a record subscription rate for its IPO [6][10]. - Eight Horse Tea, originating from a century-old tea family, has expanded to over 3,500 stores and has previously attempted to list on A-shares [6][10]. Group 3: Investment Landscape - The IPOs have attracted a multitude of venture capital and private equity investors, with Xian Yicai having nearly 60 institutional investors and raising over 10 billion yuan [9][10]. - Bibet has also seen substantial backing from various investment firms, including notable names in the industry [9][10]. - Dipo Technology and Eight Horse Tea have secured investments from prominent venture capital firms, indicating strong investor confidence in their business models [10][11]. Group 4: Market Trends - The article notes a significant increase in IPO activity in the A-share market, with a 442.86% year-on-year rise in the number of IPOs in the first nine months of 2025 [12]. - The Hong Kong Stock Exchange has also seen over 60 companies go public in the first three quarters of the year, raising a total of 182.9 billion HKD, positioning it as a leading global market for IPOs [12][13]. - The overall sentiment in the venture capital and private equity community is optimistic, with a strong push to capitalize on the current IPO window [12][13].