Mega Fortune Co Ltd (MGRT) began trading on the Nasdaq on Wed 16 July 25

• Sector: Technology
• Industry: Information Technology Services
• Full Time Employees: 17
• Founded in 2011
• Headquartered in Sha Tin, Hong Kong
• Mega Fortune Company Limited is a subsidiary of Mericorn Company Limited.
• https://qbssystem.com

OneConstruction Group (ONEG) : 4-month performance

OneConstruction Group Limited provides structural steelwork for construction projects in Hong Kong.

It operates as a subsidiary of Rich Plenty Limited.

• Sector: Industrials
• Industry: Engineering & Construction
• Full Time Employees: 26
• Founded in 2021 
• Headquartered in Kowloon, Hong Kong
• https://www.oneconstruction.com.hk/

IPO: December 31, 2024; initial public offering of 1,750,000 ordinary shares at a public offering price of US$4.00 per share

• Two months later (June 4)

• Two months later (Aug 11)

Wellchange (WCT) : 6-month performance

Wellchange Holdings Co. Ltd. is a holding company, which engages in the provision of enterprise software solution services. It provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) services, and white-labelled software design and development services. 

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 7
• Founded in 2011 
• Headquartered in Cheung Sha Wan, Hong Kong
• https://www.wchingtech.com

Regencell Bioscience (RGC) : 4-year performance

Regencell Bioscience Holdings Ltd. engages in the research, development, and commercialization of traditional Chinese medicine. It seeks the treatment of neurocognitive disorders and degeneration, specifically attention deficit hyperactivity disorder and autism spectrum disorder. 

• Sector: Healthcare
• Industry: Drug Manufacturers - Specialty & Generic
• Full Time Employees: 12
• Incorporated in 2014 
• Headquartered in Causeway Bay, Hong Kong
• https://www.regencellbioscience.com

IPO: July 16, 2021

 

 

Skyline Builders Group (SKBL) began trading on the Nasdaq on Thur 23 Jan 25

Skyline Builders Group Holding Limited (NASDAQ: SKBL) is a civil engineering services provider in Hong Kong

• Sector: Industrials
• Industry: Engineering & Construction
• Full Time Employees: 236
• Incorporated in 2024 
• Based in Kowloon Bay, Hong Kong
• https://kinchiueng.com
• Ticker: SKBL

Alpha Technology Group (ATGL) : 1-year performance

Alpha Technology Group Ltd. is a holding company, which engages in the provision of cloud-based IT solution service. 

• Sector: Technology
• Industry: Software - Infrastructure
• Full Time Employees: 23
• Founded by Leung Tsz Him on October 5, 2022 
• Headquartered in Hong Kong
• https://atgl.io/
• IPO: October 31, 2023
  
• Ticker: ATGL
  

Diginex (DGNX) began trading on the Nasdaq on Wed 22 Jan 25

Diginex Ltd. is a blockchain financial services and technology company. Its products include diginexESG, diginexLUMEN, diginexAPPRISE, diginexLUMEN Pro, and CSRD framework. 

• Sector: Industrials
• Industry: Consulting Services
• Full Time Employees: 19
• Founded by Miles Christian Pelham in 2020 
• Headquartered in Telegraph Bay, Hong Kong
• https://www.diginex.com

Ticker: DGNX

DDC Enterprise (DDC) began trading on the NYSE on Fri 17 Nov 23

DDC Enterprise Limited provides ready-to-heat, ready-to-cook, and ready-to-eat plant-based meal products in Hong Kong and internationally. It also provides marketplace, advertising, and content distribution and placement services to third-party brands and products. 

• Sector: Consumer Defensive
• Industry: Packaged Foods
• Full Time Employees: 104
• Incorporated in 2012 
• Based in Sheung Wan, Hong Kong
• https://ir.daydaycook.com

 Ticker: DDC

Ms. Norma Chu and Daydaycook at the NYSE

Pharmaron Lists H-Shares on the Hong Kong Stock Exchange

Hong Kong and Beijing, November 28, 2019 -- Pharmaron Beijing Co., Ltd. (Stock Code: 300759.SZ/3759.HK) announced today that 117 million H-shares are listed on the Main Board of The Stock Exchange of Hong Kong. This is equivalent to HK$4.344 billion raised based on the offer price of HK$39.5 per share (assuming the Over-allotment Option is not exercised). The funds will be used for the development of the Company’s global integrated service platform, R&D capability and capacity improvements, strategic investments, M&A and operation support.

The successful listing of H-shares on The Stock Exchange of Hong Kong, together with the existing A-shares listing on the Shenzhen Stock Exchange (“A+H dual listing”), has broadened Pharmaron’s financing channels to support its global growth strategy.  With the strong financial support, Pharmaron will continuously strengthen its service capabilities and capacities by integrating cutting-edge science and technologies into the existing service platforms. These efforts will enhance global operations to better support partners’ R&D needs.

“Our listing on The Stock Exchange of Hong Kong marks another milestone for Pharmaron,” said Dr. Boliang Lou, Chairman and CEO, Pharmaron. “We appreciate all those who helped make this listing possible, which includes our devoted team, long-term partners and supportive investment community. We will continue to stay focused on developing and integrating the latest science and technologies into our end-to-end R&D services platform. Pharmaron is dedicated to providing high quality R&D services globally to help our partners accelerate their discovery, development and commercialization of innovative medicines.”

About Pharmaron

Pharmaron (300759.SZ/3759.HK) is a premier R&D service company supporting the life science industry. Founded in 2004, Pharmaron has invested in its people and facilities having established diverse drug R&D service capabilities, ranging from synthetic, medicinal and analytical chemistry, biology, DMPK, pharmacology, drug safety assessment, radiochemistry and isotopically labelled metabolism, chemical & pharmaceutical development to clinical development. With operations in China, US and UK staffed by over 7,000 employees, Pharmaron has an excellent track record in the delivery of R&D solutions to its partners in North America, Europe, Japan and China.  For more information, go to www.pharmaron.com.

Prada IPO May Raise as Much as $2.6 Billion to Fund Expansion

(Bloomberg) -- Prada SpA, the Italian maker of Miu Miu bags, may raise as much as HK$20.3 billion ($2.6 billion) through its initial public offering in Hong Kong to fund the opening of more stores.

The Milan-based luxury-goods company is selling 423.3 million shares for HK$36.50 to HK$48 each, according to the IPO prospectus distributed to reporters in Hong Kong yesterday. Selling shares at the top of the range may give the company a market value of as much as HK$122.8 billion, according to data in the document and Bloomberg calculations.

Prada’s share sale may be double that of Chinese shoe retailer Belle International Holdings Ltd., which at $1.3 billion is the largest for consumer-goods companies in Hong Kong, according to data compiled by Bloomberg. Bagmakers Coach Inc. and Samsonite LLC also plan to sell shares in the former British colony to capitalize on demand for luxury products in China, the world’s most-populous nation.

Mainland China, which doesn’t include Hong Kong, Macau or Taiwan, will remain the fastest-growing market for high-end goods in 2011 as sales rise 25 percent to 11.5 billion euros ($16.6 billion), Bain & Co. said May 3. The country may become the world’s third-largest luxury market in five years, the consulting company predicted.

New Stores
About two thirds of the net proceeds from the initial public offering will be used to finance the expansion of Prada’s directly operated stores, the prospectus said.

Over the next three years the company plans to open about 80 outlets annually, of which as many 12 will be in China and about 25 in Asia, Deputy Chairman Carlo Mazzi said at a briefing yesterday in Hong Kong.

“We are less penetrated than our competition in China,” he said, noting that its Church shoes brand had no retail stores in the mainland. He said the company plans to expand to Northern Europe, where it has no retail outlets as well as other unexploited markets in the Middle East and Latin America.

China accounted for 19 percent of global sales as of Jan. 31, up from 10 percent three years ago, said Alessandra Cozzani, group investor relations director.

Prada had 319 directly operated stores, of which 18 were in China, on Jan. 31, compared with 211 three years earlier, the prospectus said.

Pricing, Debut
Revenue from its stores accounted for 71 percent of Prada’s sales for the year ended Jan. 31, Cozzani said.

The IPO values Prada at as much as 28 times 2011 profit as estimated by banks arranging the sale, a person with knowledge of the matter said June 6. Six comparable luxury-goods companies worldwide, including Burberry Group Plc, recently traded at an average 21.1 times forecast full-year earnings, according to a May 20 research note from Goldman Sachs Group Inc.

Prada, which will have about 2.6 billion shares after the IPO, will have a market value of HK$122.8 billion, or more than 70 percent bigger than that of Burberry.

Prada’s shares will be priced on June 17 and will start trading on Hong Kong’s stock exchange on June 24, the prospectus said.

The maker of Church’s shoes has forecast first-half profit growth of at least 46 percent as it opens more stores in Asia.

Profit more than doubled to 250.8 million euros last year on growth in the Asia-Pacific region, where sales jumped 63 percent. Revenue rose 31 percent to 2.05 billion euros.

Resourcehouse, MGM China
Hong Kong, where companies raised $58 billion in IPOs in 2010, has fallen below the U.S. in first-time share sales this year. Resourcehouse Ltd., Australian billionaire Clive Palmer’s iron ore and coal company, on June 4 dropped its fourth attempt in two years to sell stock in Hong Kong, citing adverse global market conditions.

MGM China Holdings Ltd., the Macau casino venture part owned by Pansy Ho, is the only $1 billion-plus IPO in Hong Kong since October to sell shares at the top end of its marketed price range, data compiled by Bloomberg show.

Prada, which postponed plans to list in 2008, is controlled by Chief Executive Officer Patrizio Bertelli, 65, his wife Miuccia Prada, who is 63, and her family. They currently own 94.9 percent of the company, a stake that could be reduced to 80 percent if the full overallotment of shares is taken up during the initial offering.

Intesa Sanpaolo SpA is reducing its stake from 5.1 percent to 1 percent and will not be affected by the overallotment option.

The company sells clothing and accessories under the Prada, Miu Miu, Church’s and Car Shoe brands.

Intesa Sanpaolo, Credit Agricole SA unit CLSA Asia-Pacific Markets, Goldman Sachs Group Inc. and UniCredit SpA are managing the IPO, along with Mizuho Financial Group Inc. and Industrial & Commercial Bank of China Ltd., the prospectus shows.

Biggest IPOs

The initial public offering (IPO) of Agricultural Bank of China, the country’s third-largest bank, looks set to become the biggest on record. 

On July 6th and 7th the bank raised a reported $19.2 billion in a dual listing on the Shanghai and Hong Kong stock exchanges. If the bank takes up a further 15% allotment of shares, that would value the deal at a total of $22.1 billion, slightly more than the offering in another Chinese bank, ICBC, in 2006.

According to Dealogic, a provider of financial information, telecommunications was the investors’ choice in the 1990s, but during the past decade the biggest IPOs have been mostly in the financial sector, and mainly of Chinese banks.