Photo/Huang Wanyin (NBD)

The Hong Kong Stock Exchange (HKEX) made history today, hosting its busiest listing day of the year with five companies and one ETF debuting simultaneously. This unprecedented event saw six gongs struck in unison, filling the HKEX financial convention hall.

The five newly listed companies were Lens Technology (HK06613), Geekplus Technology (HK02590), Fortior Tech (HK01304), Dazhong Dental (HK02651), and Beijing Xunzhong Communication Technology. Notably, Lens Technology and Fortior Tech are already listed on the exchanges in the Chinese mainland.

Liu Shuguang, CFO of Lens Technology, remarked on the "auspicious day" for the multiple listings, while Xiaomi Group's Vice President and CFO, Lin Shiwei, attended as a cornerstone investor for Lens Technology.

Collectively, the five companies raised a net HK$9.821 billion. Lens Technology secured the largest portion at HK$4.694 billion, driven by a public offering oversubscribed by 462.76 times. Dazhong Dental saw the biggest price surge on debut, at one point gaining over 25%.

Lens Technology (HK06613) is a provider of one-stop precision manufacturing solutions across the entire intelligent terminal industry chain.

• Offering Price: HK$18.18 per share

• Board Lot: 200 shares

• Public Offer Subscription: 462.76 times oversubscribed

• International Offer Subscription: 16.68 times oversubscribed

• Net Proceeds from Global Offering: Approximately HK$4.694 billion

Geekplus Technology (HK02590) specializes in a full range of logistics robots.

• Offering Price: HK$16.8 per share

• Board Lot: 200 shares

• Public Offer Subscription: 133.62 times oversubscribed

• International Offer Subscription: 30.17 times oversubscribed

• Net Proceeds from Global Offering: Approximately HK$2.545 billion

Beijing Xunzhong Communication Technology (HK02597) is one of China's early entrants into cloud communication services.

• Offering Price: HK$13.55 per share

• Board Lot: 500 shares

• Public Offer Subscription: 12.79 times oversubscribed

• International Offer Subscription: 1.01 times oversubscribed

• Net Proceeds from Global Offering: Approximately HK$368 million

Fortior Tech (HK01304) operates in the semiconductor industry. Its product portfolio includes motor main control chips (e.g., MCUs, ASICs), motor driver chips (e.g., HVICs), intelligent power modules (IPMs), and power devices (e.g., MOSFETs).

• Offering Price: HK$120.5 per share

• Board Lot: 100 shares

• Public Offer Subscription: 138.26 times oversubscribed

• International Offer Subscription: 8.61 times oversubscribed

• Net Proceeds from Global Offering: Approximately HK$2.136 billion

Dazhong Dental (HK02651) was the only healthcare stock among these listings, primarily offering private dental medical services.

• Offering Price: HK$20 per share

• Board Lot: 100 shares

• Public Offer Subscription: 108.25 times oversubscribed

• International Offer Subscription: 0.96 times oversubscribed

• Net Proceeds from Global Offering: Approximately HK$178 million

Photo/Huang Wanyin (NBD)

This robust activity continues the strong IPO trend seen in the first half of 2025. HKEX data shows 44 new listings and HK$107.1 billion in fundraising during this period, marking a significant increase from the previous year and solidifying HKEX's position as a global leader in new share fundraising.

An EY representative noted that strong financial and policy support, especially for technology firms, is fueling Hong Kong's active IPO market. This momentum is expected to persist through the second half of the year.

The majority of recent listings have been in the technology, new consumption, and healthcare sectors. The HKEX's pipeline remains strong, with over 200 companies, predominantly first-time applicants, in the valid application period as of June 30, 2025.