Chinese Mainland and Hong Kong IPO Markets Q1 2023 Review
Top 10 largest Hong Kong IPOS
2023 Q1
Company
Proceeds
(HKD billion)
1
Beijing SinoHytec Co., Ltd.
1.1
Sector
Industrials
2
JF Wealth Holdings Ltd
1.0
Financial Services
3
Beauty Farm Medical and Health Industry Inc.
0.9
Consumer Markets
4
DPC Dash Ltd #
0.6
Consumer Markets
5
YH Entertainment Group
0.5
6
Shenzhen Pagoda Industrial (Group) Corporation Limited
0.5
7
Seacon Shipping Group Holdings Limited #
0.4
8
China Treasures New Materials Group Ltd. #
0.3
Sanergy Group Limited
0.3
10
Fenbi Ltd.
0.2
$
TMT
Consumer Markets
Transport and Logistics
Industrials
Industrials
Education
Funds raised by
top 10 IPOS
2023 Q1:
HKD 5.8 billion
- 85% of total proceeds
2022 Q1:
HKD 13.4 billion
~ 97% of total proceeds
Proceeds
2
2022 Q1
Company
Sector
(HKD billion)
1
JL Mag Rare-Earth Co., Ltd.
4.2
Industrials
2
Huitongda Network Co., Ltd.
2.3
TMT
3
Ferretti S.p.A.
2.0
Industrials
4
Qingdao Ainnovation Technology Group Co., Ltd
1.2
TMT
LQ
5
Lepu Biopharma Co., Ltd.
0.9
Healthcare / Life Sciences
6
Jiangsu Recbio Technology Co., Ltd.
0.9
Healthcare / Life Sciences
7
Jinmao Property Services Co., Limited
0.8
Infrastructure / Real Estate
# Expected to list on or before 31 March 2023. Funds raised
estimated is based on announced listing mid-price.
8
Arrail Group Limited
0.7
Healthcare Life Sciences
9
Semk Holdings International Limited
0.2
Consumer Markets
10
Clarity Medical Group Holding Limited
0.2
KPMG
© 2023 KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms
affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved
Healthcare / Life Sciences
Note: All figures are as of 23 March 2023, adjusted to number of
confirmed listings up to 31 March 2023, included listing by
introduction, and excluded SPAC deals and GEM transfer (if any)
Source: HKEX and KPMG analysis
Chinese Mainland and Hong Kong IPO markets | 18View entire presentation