In the new year, the Hong Kong stock IPO market is lively again. Mixue Bingcheng and Gu Ming sprinted to the Hong Kong stock IPO on the same day;Immediately afterwards, Suteng Juchuang successfully landed on the Hong Kong Stock Exchange and became the "first lidar stock" in Hong Kong stocks.
PwC predicts that Hong Kong's IPO market is expected to regain its position among the world's top three fundraising markets in 2024, with a total amount of funds raised to exceed HK$100 billion. Alibaba's Cainiao Group will continue to sprint to Hong Kong stocks this year, with Bloomberg's latest report pointing out that "Cainiao's listing will be one of the hottest IPO plans in Asia in 2024." * The reporter of Times E Company learned that the IPO of Cainiao Group is progressing normally.
Mixue Bingcheng and Gu Ming sprinted to Hong Kong stocks on the same day
On the first working day of 2024 (January 2), the tea beverage track staged a big show for the IPO of Hong Kong stocks, and the top two ready-made tea companies in the mainland, Mixue Bingcheng and Gu Ming, submitted their prospectuses on the same day.
As of September 30, 2023, the store network developed through the franchise model has more than 36,000 stores in China and overseas, and the store network has spread to 31 provinces, autonomous regions and municipalities directly under the central government, about 300 prefecture-level cities, 1,700 counties and 3,100 townships, covering all county-level cities. In China's ready-made beverage industry, Mixue Bingcheng is the only company with a scale of 30,000 stores, and has ranked first in the number of stores for five consecutive years from 2018 to 2022.
According to the CIC report, Mixue Bingcheng has an industry-leading penetration rate in the sinking market. The breadth and depth of the store network distinguishes the company from other ready-made beverage brands in China. As of September 30, 2023, Mixue Bingcheng has opened about 4,000 stores in 11 overseas countries.
In the first nine months of 2023, the store network of Mixue Bingcheng has achieved a total of about 5.8 billion cups. According to the report of CIC Consulting, in terms of the number of stores as of September 30, 2023 and the number of drinks sold in the first nine months of 2023, Mixue Bingcheng ranked first in China.
1. The world's second largest ready-made beverage company.
On the same day, Gu Ming, which launched the Hong Kong stock market, also has a strength that should not be underestimated. Gu Ming is a Chinese ready-made beverage company. According to the CIC report, in terms of merchandise sales (GMV) in 2023 and the number of stores as of December 31, 2023, Gu Ming is the largest mass freshly made tea shop brand in China, and the second largest ready-made tea shop brand in China.
Immediately afterwards, the star company Suteng Juchuang officially landed on the Hong Kong Stock Exchange on January 5, becoming the "first lidar stock" in Hong Kong stocks. Suteng Juchuang has been a "capital darling" since its establishment: Nanshan Strategic Emerging Industry Investment also participated in the IPO as a cornerstone investor, with a subscription scale of 100 million US dollars.
Since its establishment, Suteng Juchuang has received as many as 14 rounds of financing, and star institutions have gathered to invest in shares, including independent brand car enterprise groups, new car-making forces, professional investment institutions, etc., including Cainiao, Kunzhong Capital, BAIC, China Mobile, Fosun, Geely, Yuemin Investment, Xiaomi, Yunfeng**, Yutong Bus and other star institutions and industrial parties.
Cainiao's IPO has attracted much attention
In fact, many Chinese companies still choose Hong Kong as one of the preferred places for overseas listing. With the advantages of a mature capital market and various regulatory reforms and enhancements, the IPO channel in Hong Kong is expected to remain active.
PwC released the performance and outlook of the IPO market in Chinese mainland and Hong Kong in 2023, expecting 80 companies to be listed in Hong Kong in 2024, raising a total of more than HK$100 billion for the year, and the Hong Kong IPO market is expected to regain its position among the top three financing markets in the world in 2024.
The high-profile rookie IPO is one of the "big dramas" of Hong Kong stocks this year. On January 8, Bloomberg's latest report pointed out: "Cainiao's listing will be one of the hottest IPO plans in Asia in 2024." After a difficult 2023, Asian IPOs are likely to get a boost as Hong Kong expects a gradual return to large Chinese deals this year. ”
According to public reports, the ** offering of Alibaba Group's logistics arm (Cainiao Intelligent Logistics Network) is the most high-profile IPO that investors are watching this year, and the company is expected to raise about $1 billion in Hong Kong after submitting its listing application in October last year, and Cainiao is expected to become the tech giant's first listed subsidiary. * The reporter of Times E Company learned that the IPO of Cainiao Group is progressing normally.
In addition to sectors such as retail, consumer goods and services, the listing activities of new economy companies (including biotech and other specialist technology companies) on the HKEX are also expected to remain active. PwC pointed out that the introduction of Chapter 18C of the Listing Rules to allow the listing of Specialist Technology Companies will attract many technology companies to raise funds in Hong Kong, further accelerate the growth of the technology industry, help diversify Hong Kong's capital market, attract more different types of investors, and consolidate Hong Kong's status as an international financial centre.