Honey Snow Ice City ignites Hong Kong IPO! What is the attraction of going public in Hong Kong?

The Hong Kong Stock Exchange welcomes a phenomenal IPO!

On March 3, Honey Snow Ice City officially landed on the Hong Kong Stock Exchange.Opened up over 30%At one point, the market capitalization shot upBreaking HK$100 billionThe

Founded 28 years ago, Honey Snow Ice City from a few square meters in Zhengzhou, "cold shaved ice" store, to open 46,000 stores around the world, to achieve terminal retail sales of 58.3 billion yuan.Net profit of $3.5 billion for the first nine months of 2024.

#01

"Snow King" Ignites Hong Kong IPOs

Setting a new record for Hong Kong stocks

Previously, the "snow king" of the new record set a new record of Hong Kong stocks. As of the morning of February 26, honey snow ice city Hong Kong stock public offering officially ended, financing subscription times as high as 5258.21 times, subscription amount ofSurpassed HK$1.82 trillion, far surpassing the record of HK$1.28 trillion set by Racer in 2021, has become the newest Hong Kong stock"King of Frozen Capital"The

This is not simply emotionally driven, from the fact that it introduces thecornerstone investorA glimpse of this can be seen. Typically, the more bullish the cornerstone investor, the more enthusiastic the market.

Honey Ice City has assembled five top cornerstone investors this time around -

• M&GIt's a European capital management giant;

• Sequoia ChinaWe have pitched super cases such as Ali, Meituan, and Pinduoduo;

• Bo Yu Capitals investment preferences include exposure to early stage markets and a continued focus on high growth sectors;

• concave channels of tilingAccompanying the BOE for 10 years, it is considered the number one player in long-termism;

• MMT DragonballOn the other hand, it is backed by local life giants and understands the logic of China's sinking market.

Source: Honey Snow Ice City Allotment Result Announcement

The five cornerstone investors collectively subscribed for $200 million in shares andWith a six-month sales banThis is equivalent to injecting a "sea needle" into the share price of Honey Snow Ice City.

#02

Advantages of IPO in Hong Kong

Since September last year, the Hong Kong IPO market activity has increased significantly, this year the heat does not diminish, the first two months there are nine companies to complete the Hong Kong IPO, an increase of about 80%, raising a total of 7,544 million Hong Kong dollars, an increase of about 2,47%, represented by the honey snow and a number of hot IPOs and the "A + H" leading A+H" leading stocks, represented by Honey Snow, and many "A+H" leading stocks, all of which are on the scene.

In terms of industry distribution, more and moreEmerging companies, quality companiesThe influx of Hong Kong stocks into the Hong Kong stock market will enhance the competitiveness of Hong Kong stocks in the global capital market.

Hong Kong IPOs are highly favored due to the following advantages.

1. Scale of fund-raising and market performance

✔ The size of the fundraising bucked the trend:2024 Hong Kong's IPO market returned to the global top tier with HK$88 billion in total fundraising, indicating a rebound in market confidence.

✔ New economy firms have become the mainstay:New economy companies contributed nearly 82% in fundraising, becoming the core driver of Hong Kong stock diversification and transformation.

2. Policy support and market environment

✔ Policy dividend release:The number of mainland enterprises applying for listing in Hong Kong surged by 2,15% year-on-year, and the dual role of A-share IPO tightening and Hong Kong stock policy optimization prompted enterprises to "abandon A for Hong Kong".

✔ Speed up the approval process:A-share companies with more than HK$10 billion can enjoy the "fast track", and the listing timetable is clearer.

✔ Thresholds have been significantly reduced:Specialized technology enterprises market value requirements reduced to 4 billion to 8 billion Hong Kong dollars, "A + H" shares H share ratio reduced to 10% or market value of 3 billion Hong Kong dollars.

✔ Flexible financing instruments:The Hong Kong stock market supports refinancing methods such as "flash placing" to help companies capture market opportunities quickly.

3. Unique advantages of the Hong Kong stock market

✔ Generous and flexible listing conditions:The HKEx offers three listing criteria that companies can choose from according to their own circumstances, showing great inclusiveness to special business types.

✔ Internationalized financial platform:As an international financial center, Hong Kong brings together capital and investors from all over the world and offers a wealth of financial products and derivatives.

✔ Convenient listing process with lower time costs:The listing process in Hong Kong is relatively convenient and usually takes less time from the submission of the listing application to the final listing.

✔ Enhance international visibility:Listing in Hong Kong helps to significantly enhance the visibility and brand image of the company in the international arena, which is conducive to the expansion of the company in the international market.

Hong Kong IPO can not only provide enterprises with diversified financing channels and policy support, but also help them enhance their international visibility and brand image, which is an important choice in the globalization layout.

If you are interested in Hong Kong IPO, please feel free to contact us!