【IPO追踪】获569倍认购、高瓴入局，沃尔核材上市首日上涨约5%

Core Viewpoint - The Hong Kong IPO market has been thriving this year, with 24 companies listed without any first-day price drops, indicating strong investor interest and confidence in new listings [2]. Group 1: IPO Performance - On February 13, two companies,沃尔核材 (002130.SZ) and 海致科技集团 (02706.HK), debuted on the Hong Kong Stock Exchange, with 海致科技集团's stock surging over 240% at the time of reporting [2]. - 沃尔核材's stock initially approached the break-even point but later increased by 5.33% [2]. Group 2: Subscription and Fundraising Details - 沃尔核材's Hong Kong public offering was highly oversubscribed, with a subscription level of approximately 569.58 times, and the international offering was subscribed 8.19 times [3]. - The net proceeds from the IPO are approximately HKD 2.734 billion, with plans to allocate 45% for product diversification and upgrades, 27% for global business expansion, 18% for potential strategic investments or acquisitions, and 10% for working capital [3][4]. Group 3: Strategic Investors and Market Position - Several prominent institutions participated as cornerstone investors, including HHLRA, Jump Trading Group, and others, collectively acquiring 48.2318 million shares for about HKD 969 million [4]. - On the first day of trading, 沃尔核材 was added to the Hong Kong Stock Connect list, enhancing its visibility and accessibility to investors [4]. Group 4: Company Overview and Financial Performance - 沃尔核材 is a leading provider of high-speed data communication and alternative energy power transmission solutions, with operations in AI, telecommunications, new energy vehicles, and power sectors [4]. - The company ranks fifth globally in communication cable manufacturing with a market share of 12.7% and holds the top position in the heat shrink materials industry with a market share of 20.6% [4]. - The company's revenue grew from RMB 5.337 billion in 2022 to RMB 5.719 billion in 2023, with projections of RMB 6.920 billion in 2024. Net profit increased from RMB 660 million to RMB 758 million, expected to reach RMB 921 million in 2024 [5].