Hong Kong IPO Market Records 10 New Listings and 19 Applications in One Week

Hong Kong's stock market recorded 10 new listings and 19 IPO applications during June 22–28. The week also saw 14 companies pass listing hearings and 14 companies open subscriptions simultaneously. Data statistics indicate all metrics reached peak levels for the year.

6 Stocks List Simultaneously on June 26

June 26 marked the most crowded listing day as six companies debuted on the Hong Kong Stock Exchange: Lingyi iTech, Sgmicro, Kingsemi, MERDEKA GOLD-DRS, Zhongke Wenge, and Keytop. The simultaneous listing became one of the most congested bell-ringing days in Hong Kong securities history.

New Stock First-Day Performance Shows Sharp Divergence

First-day trading results displayed extreme variation. Multispectral AI company Haiqing Zhiyuan surged 270.83% on its debut, pushing market capitalization above HKD 20 billion. Polypeptide innovative drug company Macrolink Pharma-B jumped 102.75% on its first day. In contrast, clinical-stage pharmaceutical company Huajian Future-B suffered a 56.89% decline on its debut.

Industry Leaders Submit Applications and Pass Hearings

The 19 companies that submitted applications span intelligent manufacturing, biopharmaceuticals, new energy, and digital technology sectors. Applicants include smart agriculture leader Weichai Lovol, global screenless vehicle imaging leader DDPai, and Chinese music service provider Taihe Music. Precision manufacturing giant Luxshare Precision passed its hearing with 2025 revenue of RMB 332.344 billion, ranking as the world's fifth-largest precision intelligent manufacturing solutions provider.

Subscription Multiples Reach Extreme Levels

Market capital demonstrated intense enthusiasm for the IPO wave. Zhongke Wenge's public offering received 5966.78 times oversubscription. Keytop's offering attracted 2115.21 times oversubscription. Kingsemi received over 1000 times oversubscription. Huaheng Biotech announced termination of its H-share listing plan after passing its hearing.

FAQ

How many new stocks listed in Hong Kong during June 22–28?

10 new stocks officially listed on the Hong Kong Stock Exchange during June 22–28. An additional 19 companies submitted IPO applications during the same period.

What happened on June 26 in Hong Kong's stock market?

Six companies listed simultaneously on June 26: Lingyi iTech, Sgmicro, Kingsemi, MERDEKA GOLD-DRS, Zhongke Wenge, and Keytop. The event became one of the most congested bell-ringing days in Hong Kong securities history.

Which new stock had the highest first-day gain?

Haiqing Zhiyuan, a multispectral AI company, recorded the highest first-day gain at 270.83%. Its market capitalization exceeded HKD 20 billion following the debut.