【港股IPO指南】如何选择靠谱的保荐机构？百惠金控怎么样？

Core Insights - The Hong Kong IPO market is experiencing a strong recovery, with a record number of listings and significant capital raised, indicating a favorable environment for companies seeking to go public [6][8]. Group 1: IPO Market Overview - In the period from January to October 2025, a total of 81 companies listed on the Hong Kong stock market, with 78 of these through IPOs, supported by 37 brokerage firms providing professional sponsorship services [1]. - The Hong Kong IPO market has raised a total of $23.6 billion, leading globally in capital raised [7]. Group 2: Sponsorship Institutions - Chinese brokerage firms dominate the Hong Kong IPO market, with CICC leading with 26 sponsorships, followed by CITIC Securities with 23, and Huatai International with 15 [3]. - CICC has maintained a significant lead in the market, having participated in 73 IPO sponsorships since 2022 [3]. Group 3: Baihui Financial Holdings - Baihui Financial Holdings has emerged as a notable player in the IPO sponsorship space, assisting 16 IPO projects in 2024, raising a total of HKD 57.25 billion, focusing on sectors like AI and biomedicine [4]. - In 2025, Baihui Financial continued to engage in high-profile IPOs, with one project seeing an oversubscription of 3,316.5 times [4]. Group 4: Choosing a Sponsorship Institution - Companies are advised to evaluate sponsorship institutions based on historical performance, industry expertise, and comprehensive service capabilities [5]. - Baihui Financial is highlighted for its ability to provide full-cycle listing solutions, including roles as joint bookrunner and lead underwriter [5].