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港美股看台|港股IPO持续火爆!一日4家公司递表,130家企业排队中!
CATLCATL(SZ:300750) 证券时报·2025-05-12 14:24

Core Viewpoint - The number of companies applying for listing in Hong Kong is increasing, indicating a robust IPO market. In May alone, eight companies submitted applications, with four doing so on May 9 [1][4]. Group 1: Listing Applications - As of April 30, there are 130 companies with applications under review, 19 companies have been listed, and 18 are awaiting listing approval [2][3]. - In April, the Hong Kong Stock Exchange received applications from 32 main board companies, 3 GEM companies, and 7 companies under Chapter 20 of the Main Board Listing Rules [3]. Group 2: Featured Companies - The companies applying for listing are primarily focused on "hard technology + new consumption." For instance, Tong Shifu is a new consumption company leading in the Chinese copper cultural and creative product market with a market share of 35% [6][8]. - Zhejing Electronics is a hard technology company specializing in smart cockpit visual and interaction solutions, with a revenue compound annual growth rate (CAGR) of 64.3% from FY2022 to FY2024 [8][9]. - Zhongding Intelligent is a leading provider of smart in-warehouse logistics and automation solutions, ranking fourth in the overall market and first in the new energy lithium-ion battery sector [11][12]. - Fuyou Payment, while not as highly ranked, is a versatile digital payment technology platform, holding an 0.8% market share in China's comprehensive digital payment service market [12]. Group 3: IPO Market Dynamics - The Hong Kong IPO market is experiencing a resurgence, with 17 companies listed in Q1 2024, raising a total of HKD 18.7 billion, nearly four times the amount from Q1 2023 [14]. - The upcoming IPO of CATL is expected to raise approximately HKD 30.7 billion, potentially surpassing the previous record set by Midea Group [16]. - Factors driving the recovery of the IPO market include breakthroughs in AI technology, improved liquidity due to the Federal Reserve's interest rate cuts, and a noticeable profit-making effect from new listings [17].