[IPO Monthly Report] The Hong Kong IPO market saw a surge in subscription popularity and a significant decrease in the rate of IPOs breaking below the issue price in June. The expectations of the "Big Four" were mixed with both sorrow and joy.

In the first half of 2024, Hong Kong's IPO market continued its recent sluggish trend due to external market factors, global economic uncertainty, and cautious investor sentiment. The "Big Four" lowered their forecast for Hong Kong's annual IPO fundraising at the beginning of the year, but PwC expects Hong Kong's new IPO fundraising to exceed HKD 100 billion this year. PwC stated that the reduction in bearish factors, high demand for funding for business development, and the end of the interest rate hike cycle will bring back funds from Europe, America, and the Middle East to Asia, which is beneficial for market liquidity and valuation improvement. After six months of market baptism, PwC finally gave in and lowered Hong Kong's...

金吾財訊Jul 3 05:07 ET

HK stocks surge | Tianjuhe(02479) rises more than 11% to recover IPO price. The company focuses on API data circulation services, but net margin decreases significantly.

TianJuDeHe (02479) rose more than 11% again, with a cumulative increase of more than 36% in two trading days. Successfully regained the IPO price at 84.4 Hong Kong dollars in the high point of the session.

Zhitong FinanceJul 2 22:32 ET

Hong Kong stock market anomaly | Tianjuhe (02479) once rose more than 16%, but fell sharply and broke on the first day of listing. The company's net margin has declined significantly.

According to the Wisdom Wealth app, Tian Ju Di He (02479) surged more than 16% in early trading. It is worth noting that the stock skyrocketed by more than 40% on the day of its listing, but plunged and broke on the closing bell. As of press time, it is up 12.47% at HKD 67.65, with a turnover of HKD 11.916 million. It is reported that Tian Ju Di He focuses on providing customers with standardized API services and customized data governance solutions. According to a Frost Sullivan report, based on revenue in 2022, the company is China's largest comprehensive API data circulation service provider, with a market share of 6.1%. The company's customers include Tencent and Alibaba.

Zhitong FinanceJul 1 22:18 ET

Hong Kong Stocks End Week Flat; Laopu Gold Rises as Dida, Tianju Dihe Slump in Debut

Hong Kong stocks ended Friday's session little changed, on caution ahead of US inflation data as they may impact interest rate cuts. The Hang Seng Index barely moved in positive territory to close at

MT NewswiresJun 28 05:00 ET

New stock debut | Tian Ju Di He (02479) premiered with a high open of 35.61% in early trading.

Tian Ju Di He (02479) has been listed, with a per share price of HKD 83.33 and a total issue of 4.8182 million shares, with 50 shares per hand, resulting in a net proceeds of approximately HKD 349.1 million. As of the time of writing, it has increased by 35.61% to HKD 113, with a turnover of 41.588 million HKD.

Zhitong FinanceJun 27 21:26 ET

Tianju Dihe (Suzhou) Technology's shares rose by 36% in the pre-market session on their Hong Kong debut.

Tianju Dihe (Suzhou) Technology's shares rose by 36% in the pre-market session on their Hong Kong debut.

Dow JonesJun 27 21:26 ET