Rime创投日报：宁德时代登陆港股，或成年内最大港股IPO-20250520

Report Summary Investment Rating - No investment rating information is provided in the report. Core Viewpoints - On May 19, there were 29投融资 events in domestic and foreign venture capital markets, with 23 domestic and 6 foreign enterprises, and the total financing amount was about 1.473 billion yuan [3]. - The listing of CATL on the Hong Kong Stock Exchange is a key step in its global strategy, which helps expand the international market and may promote more enterprises to choose the "A + H" dual - track model [9]. Content Summary by Directory Fund - raising Events - On May 18, Lhasa set up a 1.5 - billion - yuan industrial strong - city investment mother fund and a cultural and tourism industry investment sub - fund, managed by Yida Capital [3]. - On May 19, Zhangjiang Hi - Tech's subsidiary participated as a limited partner in the Yuanhe Puhua Integrated Circuit Industry Fund with a target scale of about 2 billion yuan, and it subscribed 100 million yuan [4]. Large - scale Financing - On May 19, Owner completed a $120 - million Series C financing from Y Combinator to accelerate technology innovation and market expansion [5]. - On May 19, Chuangxin International completed nearly 100 million yuan in Series B financing to accelerate R & D transformation and global business layout [6]. - On May 19, Xiling Vision completed several million yuan in Pre - A financing to accelerate mass production, technology iteration, and global market expansion [7][8]. Global IPO - On May 20, CATL listed on the main board of the Hong Kong Stock Exchange, with an expected fundraising scale of $4 - 5 billion, potentially the largest IPO in the Hong Kong stock market this year [9]. Policy Focus - On May 19, nine departments including the Ministry of Industry and Information Technology jointly issued an implementation opinion to promote the high - quality development of the technology service industry, covering multiple key areas and promoting high - end, intelligent, green, and integrated development [10]