今年港股市场热火朝天，上半年募资总额已突破千亿港元，超越纳斯达克跃居全球第一！但热闹背后， 还是有不少企业折戟沉沙。究其原因，很多团队 首次接触港股规则，摸不透核心环节，总觉得 "看着复 杂，实操起来更头大"。 所以我们梳理了 香港上市的全部核心流程 ，今天就把其中的重点实操细节内容分享出来，帮助大家理 清思路： 一 上上上上上上上上市市市市市市市市前前前前前前前前准准准准准准准准备备备备备备备备阶阶阶阶阶阶阶阶段段段段段段段段 主要工作分为 5部分 ：必要的财务信息、确定目标资本结构、审核上市主体的股权结构和治理结构、 确定治理结构和董事会成员、审核管理层薪酬和员工激励计划。 二 上上上上上上上上市市市市市市市市执执执执执执执执行行行行行行行行阶阶阶阶阶阶阶阶段段段段段段段段 主要分为 3个主要步骤 ：召开全体启动大会，起草招股书，和递交上市申请。在全体启动大会召开完 毕，招股书撰写完成后，则进入递交上市申请的流程。 港股IPO流程： 递表→聆讯→路演→招股→公布配售结果→挂牌上市。 01 递表 拟上市公司委任保荐人及其他的顾问，进行尽职调查并协助 拟备招股书 ，然后递交给香港联交 所，提出上市申请，并支付 ...

Moneta外汇认为，西班牙博彩企业Cirsa近期启动的首次公开募股（IPO）引发了全球资本市场的高度关注。作为由美国私募巨头黑石集团控股的企业，Cirsa 此次在马德里证券交易所的上市动作被视为2025年西班牙市场最具看点的IPO之一。 Moneta外汇表示，根据承销商披露的信息，此次IPO已于7月3日正式向投资者开放，并将在7月7日截止。新股将于当日分配，并计划于7月9日正式挂牌交 易。Cirsa希望此次上市实现25.2亿欧元（约合29.7亿美元）的估值目标，而发行规模预计在4.53亿至5.21亿欧元之间。 y 97 跟卓新体验 c高手的超跑 Taxi, 冲刺您的财富目标! | 招数 | 商品 | 股票CFD | 加密货币 | ETF | 债券 w.monetamarkets.com HOMETA HA eta Markets 亿汇 交易返现奖励 值得一提的是，此次IPO包含"绿鞋机制"（greenshoe option），即如果市场需求旺盛，公司可额外发行股份，这为Cirsa进一步扩大融资规模提供了灵活性。 此外，本轮发行还包括部分现有股东的股份转让，体现出公司及投资方对资本结构的积极调整态度。 本次承 ...

Group 1 - The Hong Kong stock market has seen a surge in investment opportunities this year, with a notable increase in IPO activities, as evidenced by a 720% increase in fundraising in the first five months [1] - As of June 16, 31 new stocks have been listed in Hong Kong this year, with 18 experiencing positive returns on their first trading day, while 9 stocks faced a decline, resulting in a 29% failure rate, which is a significant decrease compared to the previous two years [1] - The stock "Ying En Biological" recorded a remarkable first-day increase of 116.7%, indicating potential profits of around HKD 10,000 for investors who subscribed to one lot [1] Group 2 - As of May 30, there are 158 companies in the "processing" status for IPO applications, with approximately 60 companies announcing or applying for dual listings in both A and H shares [2] - The recent strong performances of companies like CATL, 恒瑞医药, and 吉宏控股 have attracted significant attention and investment in A+H new stocks [2] Group 3 - The IPO process in Hong Kong requires investors to have a Hong Kong bank account and a securities account, as A-share accounts cannot participate in Hong Kong IPOs [6] - The typical IPO process involves a 30-day period for the company to open the subscription process after passing the Hong Kong Stock Exchange hearing, with the subscription period lasting 3 to 6 days [7] - The distribution mechanism for public offerings divides investors into two groups: Group A (small investors) and Group B (large investors), with shares allocated equally between the two groups [13] Group 4 - The "return mechanism" allows for a portion of shares initially allocated to international placements to be reallocated to public offerings when demand is high, which can significantly increase the chances of winning shares for retail investors [9] - Historical data shows that companies with a "return mechanism" tend to perform better on their first trading day, with a lower failure rate [10][11] Group 5 - The average subscription multiple for new stocks in Hong Kong has reached 148 times this year, the highest since 2019, indicating strong market interest [21] - Factors influencing the success of IPOs include the reputation of the underwriter, the presence of cornerstone investors, and the green shoe mechanism, which helps stabilize stock prices post-IPO [20][21]