Core Points - In October 2023, the A-share IPO market saw 10 companies pass the review, achieving a 100% approval rate, including two unprofitable companies, Muxi Co., Ltd. and Angrui Microelectronics [1][2] - The number of companies terminating their IPOs in October was only 2, marking a recent monthly low [1][6] - The Hong Kong IPO market continues to show strong performance, with approximately 40% of new stocks doubling in price on their debut [1][12] A-share IPO Market - A total of 10 companies were reviewed for IPOs in October, with all passing the review, a decrease from September [2][3] - Notable companies include Muxi Co., Ltd. aiming to raise 3.904 billion yuan and Angrui Microelectronics with a target of 1.425 billion yuan [2][3] - The two companies that terminated their IPOs were Zhuzhou Keno and Kunlun Lian Tong, the lowest number since September 2020 [6][10] Performance of New Stocks - In October, 9 new stocks were listed on the A-share market, all of which saw price increases on their debut, with the lowest increase being 74.41% [6] - The highest debut increase was 397.60% for Chaoying Electronics, while several companies in the new Sci-Tech Innovation Board saw increases around 200% [6][12] Hong Kong IPO Market - The Hong Kong IPO market maintained high activity, with 57 companies submitting applications in October, although this was a decrease from September [12] - The debut performance of new stocks in Hong Kong was strong, with 12 new stocks listed, 11 of which saw price increases, including a record 330% increase for Jinye International Group [12][13] Company Financials - Muxi Co., Ltd. reported revenues of 426,400 yuan in 2022, projected to grow to 743 million yuan in 2024, but also reported significant net losses [5] - Zhuzhou Keno's revenue was 679 million yuan in 2022, with a notable increase in inventory from 217 million yuan in 2023 to 635 million yuan in 2024 [9][10]
IPO月报｜10月IPO终止数为近年来最低值 金叶国际集团上市首日上涨330%，刷新港股年内纪录