Chinese Mainland and Hong Kong IPO Markets Q1 2023 Review
Top 10 largest A-share IPOS
Proceeds
2023 Q1
Company
Exchange
Sector
(RMB billion)
$
1
2
China Fund Management SPIC New Energy REIT *
Hunan Yuneng New Energy Battery Material Co.,Ltd.
SSE
7.8
Infrastructure / Real Estate
SZSE-ChiNext
4.5
Industrials
3
Jiangsu Xukuang Energy Co., Ltd.#
SSE
4.3
4
Greenworks (Jiangsu) Co., Ltd.
SZSE-ChiNext
3.7
5
Wuxi Unicomp Technology Co., Ltd.#
SSE-STAR
3.0
ENR
Industrials
Industrials
6
Beijing Energy International Solar Power REIT*
SSE
2.9
7
Cinda Securities Co., Ltd.
SSE
2.7
68
Hubei Jianghan New Materials Co., Ltd.
SSE
2.4
Hubei Hongyuan Pharmaceutical Technology Co.Ltd.
SZSE-ChiNext
2.4
Industrials
Healthcare / Life Sciences
10
Guangdong Lvtong New Energy Electric Vehicle Technology
Co.,Ltd
SZSE-ChiNext
2.3
Industrials
Infrastructure / Real Estate
Financial Services
Funds raised by top 10 IPOS
2023 Q1:
RMB 36.0 billion
~45% of total proceeds
2022 Q1:
RMB 100.6 billion
~ 55% of total proceeds
2
2022 Q1
Company
Exchange
Proceeds
(RMB billion)
Sector
1
China Mobile Limited
SSE
56.0
2
Jinkosolar Co., Ltd.
SSE-STAR
10.0
TMT
Industrials
3
ASR Microelectronics Co., Ltd.
SSE-STAR
6.9
TMT
4
Ganzhou Teng Yuan Cobalt New Material Co., Ltd.
SZSE-ChiNext
5.5
Industrials
5
Isoftstone Information Technology (Group) Co., Ltd.
SZSE-ChiNext
4.6
TMT
6
Shandong Sanyuan Biotechnology Co., Ltd.
SZSE-ChiNext
3.7
Consumer Markets
7
Anhui Tongguan Copper Foil Group Co., Ltd.
SZSE-ChiNext
3.6
8
Sicc Co., Ltd.
SSE-STAR
3.6
Industrials
TMT
9
Mabwell (Shanghai) Bioscience Co., Ltd.
10
Shenzhen Han's CNC Technology Co., Ltd.
SSE-STAR
SZSE-ChiNext
3.5
Healthcare Life Sciences
3.2
TMT
* Refers to real estate investment trusts listings ("REITS")
# Expected to list on or before 31 March 2023. Funds raised estimated is based on announced listing price.
Note: All analysis is based on WIND data and included REIT deals as of 23 March 2023, adjusted to number of confirmed listings up to 31 March 2023, unless otherwise stated
Source: Wind and KPMG analysis
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
Chinese Mainland and Hong Kong IPO markets 11View entire presentation