The occurrence of a thousand-fold subscription multiple is frequent, and the Hong Kong stock market's IPOs are hot

Since the beginning of this year, several phenomenal IPOs have been listed on the Hong Kong Stock Exchange, with incremental funds continuously entering the Hong Kong stock market, driving the IPO market to remain hot. According to statistics from the Hong Kong Stock Exchange, in the first five months of this year, a total of 29 companies were listed on the Hong Kong stock market, raising HKD 77.7 billion in IPO funds. This financing amount has jumped to first place globally. As of June 12, among the 31 IPO companies this year, 15 companies had an effective subscription multiple exceeding 100 times for their online offerings, with 3 companies receiving over 1,000 times effective subscription. New stocks with "meat tickets" have also emerged continuously, with companies like DUALITYBIO-B, MIXUE GROUP, Blucon, and CATL seeing high investor gains on their first day of listing. "This round of IPO frenzy in Hong Kong is mainly driven by new consumption and A-share companies listing in Hong Kong. With more star stocks set to land on the Hong Kong stock market in the second half of the year, the 'IPO feast' in Hong Kong will continue," said a wealth management department manager from a Chinese securities firm