Group 1 - The A-share IPO market in 2025 is expected to see 114 companies listed, raising a total of 129.6 billion yuan, a 94% increase year-on-year, with no new stocks experiencing a decline on their first day of trading [1][2] - The average first-day closing gain for new stocks is 257%, marking the best performance in three years, with 32 stocks achieving gains exceeding 300% [1][3] - The Hong Kong IPO market is projected to regain its position as the global leader, with 114 new stocks expected to raise approximately 286.3 billion HKD, a significant increase from 70 stocks raising 87.5 billion HKD in 2024 [4][5] Group 2 - The A-share market's growth is attributed to supportive policies such as the new "National Nine Articles" and the "1+N" series of capital market policies, leading to a notable increase in both the number of new listings and total funds raised [2] - The electronics, power equipment, automotive, basic chemicals, and machinery sectors are the main contributors to the IPO market, accounting for about 65% of the total new stocks [2] - The Hong Kong market has seen a surge in large-scale IPOs, with eight new stocks each raising over 10 billion HKD, contributing to half of the total financing amount [4][5]
2025年IPO市场回顾：港股重回全球第一，A股打新收益创三年新高
Di Yi Cai Jing·2025-12-20 02:05