Core Viewpoint - The implementation of innovative IPO policies and the strengthening of the Hong Kong stock market have accelerated the process for unprofitable companies to go public under the "18A" and "18C" listing rules since 2025 [1][2]. Group 1: IPO Trends - Since 2025, a total of 9 companies have submitted applications to the Hong Kong Stock Exchange under the "18C" listing rule, with 5 of these companies applying after the launch of the "Special Line for Science and Technology Companies" in May 2025 [1][2]. - A total of 18 companies have submitted applications under the "18A" listing rule since 2025, with the number for the entire year expected to surpass the 20 companies that applied in 2024 [1][2]. Group 2: Company Characteristics - The 9 companies applying under the "18C" rule are primarily from the fields of artificial intelligence and robotics, each with unique characteristics [3]. - For instance, Chengtai Technology is the largest supplier of forward-looking millimeter-wave radar in China, while Yunjike Technology is a leading provider of robotic service agents in the hotel sector [3]. Group 3: Market Environment - The Hong Kong market is noted for its strong inclusivity and maturity, which contrasts with the A-share market's previously unpredictable stance on unprofitable companies [4]. - The A-share IPO market is gradually increasing its tolerance for unprofitable companies, as indicated by recent policy changes from the China Securities Regulatory Commission [4]. Group 4: Impact of Policy Innovations - The recent IPO policy innovations in Hong Kong have created a more flexible and diverse listing environment, particularly benefiting innovative pharmaceutical companies that are still in the R&D phase [6]. - The introduction of the "Special Line for Science and Technology Companies" allows companies to submit listing applications confidentially, protecting their commercial secrets and facilitating the listing preparation process [6]. Group 5: Market Performance - As of June 25, 2025, the Hang Seng Index has risen approximately 20% since the beginning of the year, with over 80% of the 72 listed "18A" companies experiencing an increase in their stock prices [7]. - The positive performance in the secondary market has boosted investor confidence, attracting overseas capital into the Hong Kong stock market [7].

云迹科技冲刺港股IPO：阿里腾讯携程等巨头参投，估值41亿 | 编纂]的[编纂]數目 | | : [編纂]股H股(視乎[編纂] | | --- | --- | --- | | | | 行使與否而定) | | [編纂]數目 | . | [编纂]股H股(可予[編纂]) | | [編纂]數目 | : | [編纂]股H股(可予[編纂]及 | | | | 視乎[編纂]行使與否而定) | | 最高[編纂] : | | 每股H股[編纂]港元,另加1.0%經紀 | | | | 佣金、0.0027%證監會交易徵費、 | | | | 0.00565%聯交所交易費及0.00015% | | | | 會財局交易徵費(須於申請時以 | | | | 港元繳足,多繳股款可予退還) | | 面值 | . | 每股H股人民幣1.00元 | | 股份代號 | : | [岩護] | 瑞财经 吴文婷近日，北京云迹科技股份有限公司（以下简称"云迹科技"）在港交所递交招股书，中信证券和建银国际为其联席保荐人。 云迹科技是机器人服务智能体企业。其借助顶尖机器人及智能体服务，深度服务企业客户，优化消费者体验。从能够与物理世界互动的机器人，到能 够优化决策的 ...

一周IPO动态，覆盖港股、美股、A股。 本文为IPO早知道原创 作者｜C叔 微信公众号｜ipozaozhidao 云迹科技 港股｜递交招股书 据IPO早知道消息，北京云迹科技股份有限公司（以下简称"云迹科技"）于2025年3月21日正式向港 交所递交招股说明书，拟主板挂牌上市，中信证券和建银国际担任联席保荐人。 这意味着，云迹科技或将成为"机器人服务智能体第一股"；同时，云迹科技也是第六家以18C上市章 程赴港上市的特专科技公司。 根据弗若斯特沙利文的资料，在2024年机器人智能体市场拥有可适应三维多层空间的机器人的参与 者中，云迹科技的同时在线机器人数量和服务消费者数量排名全球第一。2024年，云迹科技同时在 线机器人数量单日高峰超过36,000台。 另根据弗若斯特沙利文的资料，按2023年来自酒店场景的收入计算，云迹科技在酒店场景的机器人 智能体市场及智能体市场均排名全球第一。除酒店外，云迹科技的机器人还已应用于商业楼宇、医疗 机构、工厂及社区等多个场景提供服务。 据IPO早知道消息，卓正医疗控股有限公司（以下简称"卓正医疗"）于2025年3月18日更新招股书， 继续推进港交所主板上市进程，海通国际和浦银 ...