First ten months of 2023hongkongTotal number of newly listed companies52 houses, fund-raising31,673 billion(HK$, same below), fewer new listings compared to the same period last year 10 housesThe amount of capital raised decreased by 53.435 billion, or 62.80%, year on year. Among them, in February and August, there were two IPOs with zero listings. This has not happened in many years.

1. Currently, there are 2,601 listed companies in Hong Kong(As of October 31, 2023)

As of October 31, 2023, there are a total of listed companies on the Hong Kong Stock Exchange2,601Home, where the motherboard2,273Home, GEM 328home.

Companies listed on the Main Board 2,273The number of companies increased by 16 compared to the end of 2022, mainly due to 52 new listings and 36 delistings in the first ten months (of which 29 were delisted, 6 were privatized, and 1 was voluntarily delisted);

GEM listed company 328 houses, a decrease of 12 compared to the end of 2022homeThis is mainly due to the delisting of 12 companies this year (of which 8 were delisted, 1 was privatized, and 3 were transferred to the main board).

Also, as of October 31, 2023, the total number of listed companies that have been suspended for more than 3 months 77 houses(60 main boards, 17 GEM), accounting for 2.96% of the total number of listed companies (2601).

II. Number of new listings (First ten months of 2023)

Total number of newly listed companies in Hong Kong in the first ten months of 2023 52Home, all listed on the main board, of which 47My home is an IPO listing,2The home is an introduction to listing,3The home is GEM and listed on the main board.

The number of newly listed companies in the first ten months of 2023 decreased compared to the same period in 2022 10Home, mainly because the number of new listings in July and August fell sharply by 15 compared to the same period last year (July and August 2022 listings: 21).

III. Amount of IPO capital raised (First ten months of 2023)

Note: The change in funding for some projects is mainly due to the exercise of the “green shoe” agreement.

Listed through an IPO in the first ten months of 2023 47Listed companies raised a total of capital31,673 billionThis is a decrease of 53.435 billion dollars or 62.80% from the 85.108 billion dollars in the same period in 2022. The main reason is that the average IPO fundraising scale decreased. There were no large-scale IPOs raising more than 1 billion US dollars this year (2022:3). Another IPO of 100 million US dollars to 1 billion US dollars was compared to last year's 16 housesReduced to 13 this yearhome.

IV. Distribution of IPO capital raised (First ten months of 2023)

Judging from the number of IPOs, those listed through IPOs in the first ten months of 202347 housesOf the listed companies (55 IPOs in the same period in 2022):

• Those that have raised more than 100 million US dollars 13home;

• The capital raised is between 0.5 and 100 million US dollars 10home;

• The fundraising range is between US$0.2-0.5 billion 14home;

• Those that have raised capital of less than 0.2 billion US dollars 10home.

5. IPO oversubscription situation (First ten months of 2023)

* Excluding situations such as the SPAC listing and the sale of only old shares during an IPO.

Judging from the IPO subscription situation, 47 of those listed through IPOs in the first ten months of 2023homeOf the 55 IPOs in the same period in 2022, including 4 SPAC and 1 selling old stocks, 41 oversubscribed, accounting for 87.2%, and less than 6 subscribed, accounting for 12.8%.

6. Status of submission of listing applications & passing of hearings(First ten months of 2023)

Total number of listing applications submitted on HKEx in the first ten months of 2023160Cases, including 157 cases on the main board and 3 cases on GEM. Out of these 160 listing applications,83 casesTo submit an application for the first time,77The petition was submitted twice (at least twice or more).

Total disclosed through Hong Kong Stock Exchange listing hearings in the first ten months of 202346Sect, of which:

37 cases were listed in the first ten months;

That is, one sect$GUOQUAN (02517.HK)$(02517.HK) listed today (11/2);

There are 4 prospected shares that are about to be listed, respectively$UBOX ONLINE (02429.HK)$(02429.HK),$XXF (02473.HK)$(02473.HK),$FOLANGSI (02499.HK)$(02499.HK),$HUASHI GROUP (01111.HK)$(01111.HK);

Three cases passed the hearing,Zhixing Auto Technology, Pharmaceutical Science and Union,$K cash (810474.HK)$financial technology;

1 case that has expired,Gurivat.

7. Delisted 41 companies (First ten months of 2023)

Total for the first ten months of this year48 housesListed companies are delisted from the Hong Kong Stock Exchange, including:

Thirty-seven companies were removed from the listing rules of the Hong Kong Stock Exchange;

Privatized and delisted, 7 companies;

One company voluntarily delisted;

There are 3 companies that have switched from GEM to motherboard.

8. Green shoes(Over-allotment rights) (First ten months of 2023)

* Post-IPO green shoes mean that the company exercised over-allotment rights after listing, including full exercise or partial exercise.

The green shoe mechanism, in simple terms, is a kind of “market protection mechanism”. When a IPO is listed, the listed company grants one or more underwriters “overallocation options” to become “stabilisation agents (stabilisation agents).” Generally, the oversold shares granted by listed companies do not exceed 15% of the total number of shares issued, and must be exercised within the stabilization period (30 days after the end of the public offering).

9. Industry distribution of newly listed companies (First ten months of 2023)

10. Other situations (First ten months of 2023)

1. H-share listing,14home;

2. A non-profit biotechnology company listed under Chapter 18A,6home;

3. A special technology company with no income and no profit that has submitted a listing application under Chapter 18C,1home;

4. China Securities Co., Ltd. went public for the second time,1home;

5. SPAC listing 0Home, 1 company submitted a de-SPAC application.