紫金黄金国际拟赴港上市 或成年内第二大IPO丨港美股看台

Core Viewpoint - The Hong Kong IPO market has been thriving since 2025, with notable listings from sectors such as biomedicine, technology, and consumer goods, alongside a significant increase in resource-based companies seeking to go public [1][2]. Group 1: Recent IPOs - Zijin Gold International, a spin-off from Zijin Mining Group with a market cap exceeding 600 billion yuan, is set to launch its IPO, aiming to raise approximately 24.984 billion HKD, making it the second-largest IPO in Hong Kong this year after CATL [3][4]. - The IPO price for Zijin Gold International is set at 71.59 HKD per share, with the net proceeds intended for upgrading existing mines, acquiring the Raygorodok gold mine in Kazakhstan, and general corporate purposes [3][4]. Group 2: Characteristics of Listed Companies - The article highlights three resource-based companies that have successfully listed in Hong Kong: Chifeng Jilong Gold Mining, Nanshan Aluminum International, and Jiexin International Resources, each with distinct listing strategies [5]. - Chifeng Jilong Gold Mining is the first A-share company to adopt the "A first, then H" model for its Hong Kong listing, aiming to enhance its international presence and attract global investment [5]. - Nanshan Aluminum International focuses on developing and procuring bauxite and coal resources in Indonesia, utilizing a low-temperature Bayer process for alumina production [5]. - Jiexin International Resources, based in Kazakhstan, is notable for being the first company to have dual primary listings in both Hong Kong and Kazakhstan's Astana International Exchange [5]. Group 3: Upcoming Listings - Several resource-based companies are currently in the pipeline for IPOs in Hong Kong, including Jinxun Co., Zhihui Mining, Innovation International, Jinyan High-tech, and Jianbang High-tech, all of which submitted their applications this year [7]. - The primary motivation for these companies to seek listings in Hong Kong is to develop international markets and acquire overseas projects, leveraging the diverse investor base available in the Hong Kong capital market [8][9].