In recent years, with the rapid development of cloud computing technology, software-as-a-service enterprises (SaaS) have gradually emerged and become an important driver of enterprise digital transformation. At the same time, SaaS companies have also achieved outstanding results in the capital market. For mainland SaaS companies, listing in Hong Kong has become a popular choice. This trend has not only promoted the prosperity of Hong Kong's capital market, but also brought new vibes to the market.
Baihui Financial Holdings is reported to be a SaaS enterprise, that is, a software-as-a-service enterprise, is a service provider that hosts applications and provides them with applications through the Internet. This service model means that software runs and data is stored in the cloud, which can be accessed and used by users directly over the internet. For enterprises and merchants, choosing SaaS services can avoid the overhead of purchasing and maintaining software, and can rent software services as needed. Moreover, SaaS companies can help enterprises realize information construction and digital transformation, and improve work efficiency and management level.
Looking at the consumption patterns in the mainland, e-payment is still the most critical trend, so the huge potential of SaaS companies is very promising. During the booming era, mainland SaaS companies are actively listing in Hong Kong, hoping to further seek more financing opportunities. Coincidentally, in April 2023, the Hong Kong Stock Exchange added a new Chapter 18C to the Listing Rules, relaxing the requirements for the IPO listing of specialist technology companies, which will reduce the minimum market capitalization requirement from HK$15 billion to HK$10 billion for non-commercial companies, mainly to attract non-profitable and non-revenue specialist companies to list in Hong Kong, including new generation information technology, advanced hardware, advanced materials, new energy and energy conservation and environmental protection, new food and agricultural technology. As soon as the policy was introduced, many SaaS unicorn companies were ready to move.
Patrons Financial Holdings believes that the open and international characteristics of Hong Kong's capital market have attracted mainland SaaS companies to actively list in Hong Kong, providing them with a financing platform and development opportunities. For example, the IPO project of which Baihui served as a capital market intermediary Pharmacist Gang (09885HK) was officially listed on the Hong Kong Stock Exchange in June last year as China's largest digital service platform for the out-of-hospital pharmaceutical industry, which immediately attracted the favor of investors in the Hong Kong capital market.
According to the analysis of Baihui Financial Holdings, listing in Hong Kong has a positive impact on SaaS companies
1. Listing in Hong Kong will help SaaS companies broaden their financing channels.
By listing on the Hong Kong Stock Exchange, companies can obtain sufficient financial support to accelerate business expansion and technological innovation. For example, the Pharmacist Gang (09885.)As China's largest digital service platform for the out-of-hospital pharmaceutical industry, Patrons acted as a capital market intermediary to complete the IPO project, and obtained more financing opportunities after listing in Hong Kong, providing a solid financial foundation for its sustainable development.
2. Enhance the brand influence and market share of SaaS enterprises.
Listing in Hong Kong can help increase the visibility and attention of your business and attract more customers and partners. For example, Kingsoft Cloud (03896.)HK) has enhanced its brand influence and market share through its listing in Hong Kong, further consolidating its position in the cloud services market.
3. Optimize the corporate governance structure of SaaS enterprises.
In the process of listing, enterprises need to establish a sound governance structure and internal control system in accordance with relevant laws and regulatory requirements, so as to improve the standard operation level of enterprises. This will help companies increase transparency, reduce risk, and boost investor confidence. By listing in Hong Kong, SaaS companies can continuously improve their governance structure, enhance their corporate value, and achieve sustainable development.
The active listing of mainland SaaS companies in Hong Kong has not only provided strong support for their own development, but also made positive contributions to the prosperity and structural optimization of Hong Kong's capital market. Looking forward to the future, with the continuous advancement of technology and the continuous expansion of the market, it is believed that more SaaS companies will choose to list in Hong Kong and jointly promote the development of Hong Kong's capital market.
Important Notice: The above content is provided by Baihui Financial Holding and is for reference only and cannot completely replace the judgment and decision-making of investors. Investors need to make analysis and evaluation based on their own risk tolerance and needs to formulate the most suitable investment strategy.
Patrons Financial Holdings, a subsidiary of Patrons** (No. BPQ161), is licensed by the Securities and Futures Commission of Hong Kong to carry on Type 1 and Type 4 regulated licensed activities. At the same time, its subsidiary, Patrons Capital (**No.: BSM550), holds a Type 6 license and is qualified as a sponsor.
Disclaimer: The market is risky, choose carefully! This article is for reference only and is not intended as a basis for trading.