Core Viewpoint - Innovation Industry Group Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, marking a significant milestone as the first private enterprise from Tongliao City to go public, filling a gap in local listings for over a decade [1][2]. Company Overview - Innovation Industry is the twelfth largest electrolytic aluminum producer in China and operates the fourth largest electrolytic aluminum smelting plant in North China, located in Hohhot City [2]. - The company's subsidiary, Inner Mongolia Chuangyuan, is set to receive the national-level green factory honor from the Ministry of Industry and Information Technology in 2024 [2]. Market Performance - On its first trading day, Innovation Industry opened at HKD 15.2, a significant increase of 38.31% from the issue price of HKD 10.99, indicating strong market confidence [1]. - Prior to the listing, the company showed robust market interest, with Futu's dark pool data reporting a closing price of HKD 13.85, up 26.02% from the issue price, resulting in a profit of HKD 1,430 per lot [2]. - The public offering phase saw an impressive oversubscription rate of approximately 447.20 times, with nearly 145,000 valid applications [2]. Economic Impact - The successful listing of Innovation Industry is a key achievement for Tongliao City in promoting industrial transformation and upgrading, as well as facilitating local enterprises' access to international capital markets [2]. - This event not only injects new momentum into the company's development but also showcases the strength and potential of Tongliao enterprises to the global capital market, contributing to the city's goal of building a modern industrial system and a multi-tiered capital market [2].
通辽市电解铝龙头企业“创新实业”成功登陆港交所