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HKEX is once again overwhelmed! 6 companies + 1 ETF listed, raising nearly HKD 20 billion in a single day IPO

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On June 26, the Hong Kong Exchanges and Clearing (HKEX) welcomed a peak in listings, with six companies including CFMEE and one ETF being listed simultaneously, raising nearly HKD 19.2 billion in net IPO proceeds in a single day. HKEX Chairman Tang Ka-shing stated that the simultaneous listing of these seven entities is of milestone significance, highlighting the core value of the market and the trend of global capital returning

Every reporter: Huang Wanyin, Li Xukui Every editor: Yang Jun

Every Hong Kong, June 26 (reporter Huang Wanyin, Li Xukui) The gong at the Hong Kong Financial Hall has once again become the busiest "prop" in the entire Asian capital market.

On June 26, when representatives from six IPO companies, including CFMEE (HK09630), MERDEKAGOLD-DRS (HK06228), Shengbang Co., Ltd. (HK03661), Keda Technology Co., Ltd. (HK02272), Zhongke Wenge (HK01956), and Lingyi Intelligent Manufacturing (HK01688), as well as the representative of E Fund Hong Kong Stock Exchange Technology 100 ETF (HK03456), stood on the stage of the Hong Kong Stock Exchange, the audience was filled with representatives of listed companies and guests. Even the chairman of the Hong Kong Stock Exchange, Tang Jiacheng, who is used to large-scale events, couldn't help but sigh: "I have never seen so many people in this hall."

June 26 marks the 26th anniversary of the Hong Kong Stock Exchange. The simultaneous listing of six companies and one ETF brought in approximately HKD 19.2 billion in net fundraising for the Hong Kong market in just one day. Tang Jiacheng stated on site that the simultaneous listing ceremony of seven targets is a milestone moment, fully demonstrating the core value of the Hong Kong market.

This grand occasion inevitably reminds people of the previous "traffic jam" in listings at the Hong Kong Stock Exchange: there were once five mainland enterprises and one ETF listed on the same day.

In the past two years, a series of crisp gongs have continuously sounded, confirming that global funds are accelerating their return to this international financial center.

At the listing ceremony on June 26, the Secretary for Financial Services and the Treasury, Xu Zhengyu, the Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, Tang Jiacheng, and the CEO of the Hong Kong Stock Exchange, Chen Yiting, were all present on stage.

Tang Jiacheng added that a closer look at the lineup of companies listed on June 26 clearly reflects the significant development of the Hong Kong stock market over the past 26 years. The listed companies cover a diverse range of sectors, including technology and mining companies, as well as enterprises involved in the underlying infrastructure, technology platforms, and applications of artificial intelligence; the issuing entities include both mainland multinational companies and mining companies from Southeast Asia.

"Today (June 26) is a good day; I have never seen this hall so lively," said Liu Xiaoyan, Chairman of E Fund Management Co., Ltd., at the listing ceremony.

On the first day of listing, the new stock market was overall very active, with many stocks surging significantly during the trading session. Many corporate executives saw their stock prices soar after ringing the gong, boosting morale. Among them, Keda Technology Co., Ltd. led the gains, with a peak increase of over 200%; CFMEE and Zhongke Wenge also saw their intraday gains exceed 50%.

Wang Lei, Chairman of Zhongke Wenge, stated in an interview with reporters from "Every Economic News" and other media that Hong Kong has now become a hot land for technology companies to go public, and artificial intelligence is a global industrial trend. Listing on the Hong Kong Stock Exchange can provide a quality channel for companies to enter the international market. "I believe that more Chinese technology companies will come to the Hong Kong Stock Exchange to go public and develop overseas in the future."

Data from the Hong Kong Stock Exchange shows that the activity level of the Hong Kong market has continued to rise this year, with IPO financing reaching HKD 160 billion in the first five months Daily Economic News

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