NewTimeSpace News: The IPO subscription period of Baige Online Digital Technology Co., Ltd. (02672.HK) closed on 24 June. As of 10 a.m., total margin subscription funds reached approximately HK$3.523 billion, representing an oversubscription multiple of around 51 times against the HK$680 million public offering fundraising size. The Company’s grey market trading is scheduled for 26 June, with formal listing on the Main Board of the Hong Kong Stock Exchange slated for 29 June.
NewTimeSpace News: As disclosed by the Hong Kong Stock Exchange, the Main Board listing application submitted by Frontera Therapeutics on 23 December 2025 has recently lapsed upon the expiry of the six-month validity period. UBS Group and Haitong International acted as joint sponsors at the time of filing. Founded in 2019, the Company is a clinical-stage gene therapy biotech firm dedicated to independent R&D of recombinant adeno-associated virus (rAAV) gene therapies, with its product pipeline covering ophthalmic and cardiovascular diseases.
NewTimeSpace News: As disclosed by the Hong Kong Stock Exchange, the Main Board listing application of Guangzhou Novaken Pharm Co., Ltd., submitted on 24 December 2025, has recently lapsed upon the expiry of the six-month validity period. Guotai Junan International acted as the sole sponsor at the time of filing. Founded in 2007, the Company is an innovation-driven clinical-stage pharmaceutical technology enterprise focusing on two core technology platforms: dissolvable microneedle formulations and nasal inhalation formulations.
NewTimeSpace News: As disclosed by the Hong Kong Stock Exchange, the Main Board listing application of Guangzhou Shiyuan Electronic Technology Company Limited, submitted on 24 December 2025, has recently lapsed upon the expiry of the six-month validity period. CICC and GF Securities acted as joint sponsors at the time of filing. As a leader in intelligent control solutions, the Company ranks first globally by shipment volume of LCD main control boards and by revenue of educational interactive flat panels.
NewTimeSpace News: As disclosed by the Hong Kong Stock Exchange, the Main Board listing application of Shenzhen Forms Syntron Information Co., Ltd. (300468.SZ), submitted on 24 December 2025, has recently lapsed upon the expiry of the six-month validity period. China Merchants Bank International and Guosen Securities (Hong Kong) acted as joint sponsors at the time of filing. Rooted in the Greater Bay Area and focusing on the banking sector, the Company is a FinTech service provider that ranked first among providers of FinTech software development services for Hong Kong banking institutions by revenue in 2024.
NewTimeSpace News: Befar Group Co., Ltd passed the Main Board listing hearing of the Hong Kong Stock Exchange on 23 June, with Huatai International and CCB International acting as joint sponsors. Founded in 1968, the Group has over 50 years of operation in the chemical industry. It is principally engaged in the production and sales of chlor-alkali chemicals, C3-C4 chemicals and wet electronic chemicals, with core products including caustic soda, propylene oxide, MTBE and electronic-grade hydrofluoric acid.
NewTimeSpace News: Guangdong Dtech Technology Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 23 June, with CITIC Securities and HSBC acting as joint sponsors. According to Frost & Sullivan data, measured by sales volume, the Company ranks as the world’s largest supplier of PCB drill bits, claiming the global No.1 position each year from 2023 to 2025 with a global market share of 29.2% in 2025. Measured by revenue from PCB drill bits, the Company reclaimed the global top spot in 2025 with a market share of 22.9%.
NewTimeSpace News: RIGOL Technologies Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 23 June, with CITIC Securities acting as the sole sponsor. According to Frost & Sullivan data, measured by revenue in 2025, the Company is China’s largest supplier of electronic test and measurement instruments and ranks eighth globally with a market share of 1.2%.
NewTimeSpace News: Luxshare Precision Industry Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 23 June, with CITIC Securities, Goldman Sachs and CICC serving as joint sponsors. According to Frost & Sullivan data, measured by 2025 revenue, the Company is the largest precision intelligent manufacturing solution provider in Chinese mainland and the fifth largest globally. It ranks second worldwide and first in Chinese mainland in the PIMS market for consumer electronic components and modules, capturing a global market share of 11.2%.
NewTimeSpace News: Glorysoft (Shanghai) Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 23 June, with Guotai Junan International and Minsheng Bank Capital acting as joint sponsors. According to Frost & Sullivan reports, measured by revenue, the Company ranked third in China’s pan-semiconductor intelligent manufacturing software solution market in 2025 with a market share of approximately 12%.
NewTimeSpace News: Kidswant Children Products Co., Ltd. (301078.SZ) submitted its second Main Board listing application to the Hong Kong Stock Exchange on 23 June, with Huatai International acting as the sole sponsor. According to Frost & Sullivan, ranked by GMV, the Company secured the top position in China’s maternal, infant and child products and services market in 2025 with a market share of 0.3%. In addition, Siyu Group, which the Company acquired in 2025, ranked first in China’s scalp and hair care market by GMV, holding a 3.3% market share.
NewTimeSpace News: Wuxi Dongheng New Energy Technology Co., Ltd. submitted its Main Board listing application to the Hong Kong Stock Exchange on 23 June, with CICC and Dongxing Securities (Hong Kong) acting as joint sponsors. According to Frost & Sullivan data, the Company is the world’s third-largest and China’s second-largest supplier of new energy conductive carbon materials, and ranks first among domestic conductive carbon black suppliers in China.
NewTimeSpace News: Grey market trading of Shanghai Seer Intelligent Technology Co., Ltd. (06106.HK) closed at HK$90 today, representing a drop of HK$11.6 or 11.42% compared with the IPO offer price of HK$101.6. The Company will be officially listed on the Main Board of the Hong Kong Stock Exchange on 24 June.
NewTimeSpace News: Micot Pharma-B (02335.HK) commenced grey market trading today. As of press time, its grey market quotation stood at HK$33.52, representing an increase of HK$15.32 or 84.18% compared with the IPO offer price of HK$18.20.
NewTimeSpace News: HJ Science Co., Ltd. (06132.HK) was listed on the Main Board of the Hong Kong Stock Exchange today. As of press time, its share price stood at HK$61.2, down HK$20.6 or 25.18% compared with the offer price of HK$81.8. The Hong Kong Public Offering was over-subscribed 2,007.6 times, with a 1-lot winning rate of approximately 2%.
NewTimeSpace News: Senior made its debut on the Main Board of the Hong Kong Stock Exchange today. As of press time, the stock traded at HK$12.8, representing a rise of HK$3.82 or 42.54% compared with the offer price of HK$8.98. The Hong Kong Public Offering was over-subscribed 1,563.16 times, with a 1-lot winning rate of approximately 2%.
