Financial Associated Press, July 12 (Reporter Cheng Mengqi) Today, the entire Hong Kong stock market is busy speculating on whether the major shareholder who transferred 225 million shares of BYD to Citi for open market trading is Warren Buffett, the momentum of the IPO market. It seems to have dimmed.However, in addition to 2 new shares officially listed on the Hong Kong Stock Exchange today, there are also 4 new shares listed on the grey market.It's just that, no matter whether the new shares or the dark market, no new shares have risen.
The four new stocks that have landed on the dark market are Tianqi Lithium, MINISO, Noah, and Huzhou Gas. The first-hand lottery rates for their public offerings correspond to 100%, 87%, 100% and 15%.The result of the high school lottery rate is that some investors hit three new stocks out of the four at the same time. After all the dark markets closed down, they posted a wry smile. Some people in the comments said that they are "the same people from the end of the world", and some people are waiting for "just see the official listing tomorrow." Are there any surprises?"
From the perspective of stock price performance, the new shares listed since July have brought a lot of pressure to new investors.As of the close of trading on July 12, among the listed new shares, none of the other new shares rose except for the financial one account that did not involve public offering due to the introduction of listing.
The largest IPO this year, Tianqi Lithium's dark market
Tianqi Lithium Industry announced on the Hong Kong Stock Exchange this morning that a total of 164 million shares were issued in this IPO, and each share was priced at the upper limit of the IPO price of HK$82. In the public offering stage, Tianqi Lithium Industry was subscribed 9.3 times and allocated to the public offering. The final number of Offer Shares is 16,412,400, representing approximately 10% of the total Offer Shares (before any over-allotment option is exercised).A total of 20,100 valid applications have been received, and the first-hand approval rate is 100%. It is expected to be listed on July 13.
As of the close of the grey market, its Futu grey market finally closed down 6.83%, with a book loss of HK$1,120 per lot. In addition, Yaocai and Phillip grey market fell about 9% and 8% respectively.
Tianqi Lithium, which was listed on the Shenzhen Stock Exchange at the end of August 2010, is a leading lithium producer in the mainland and the world. This secondary listing in Hong Kong has introduced China Innovation Aviation Technology, China Pacific Insurance Investment Management (Hong Kong), LG Chem, Pacific Ocean Asset Management, Shenzhen Defang Nano Technology, Sichuan Energy Investment (Hong Kong) and Jinshan (Hong Kong) International Mining, a total of 7 cornerstone investors, subscribed for a total of 59.7862 million shares.It is expected that the net fundraising amounted to HK$13.062 billion, making it the largest IPO project in Hong Kong this year.
According to Futu data, as of today's close, the closing price of Tianqi Lithium's A shares was 127.8 yuan, a discount of about 48.79% from the closing price of the A shares in the grey market.After the A-share of Tianqi Lithium dropped by the limit yesterday, the stock price once fell by 8.4% in intraday trading today, and finally closed down about 5%.
According to the Wood Mackenzie Report, Tianqi Lithium is the fourth largest producer of lithium compounds in the world and the second largest producer of lithium compounds in Asia by output in 2021, and sixth among the top ten cathode material manufacturers in the world.Tianqi Lithium's lithium compounds and derivatives mainly include lithium carbonate, lithium hydroxide, lithium chloride and metallic lithium.Its customer base mainly includes the world's top battery manufacturers, battery material producers, multinational electronics companies and glass producers.
4 IPO dark markets are all green
In addition, today's dark market opened, and the four new stocks were "green", and they all broke in the dark market of Futu, Phillip and Yaocai.
Among them, MINISO Futu closed down 5.80% in the grey market, with a net loss of HK$160 per lot, while Yaocai and Phillip's grey market fell 6% and 4.35% respectively.According to the announcement of MINISO, 2,074 people subscribed for its public allotment, and the first-hand lottery rate was 86.91%.
Noah Holdings, whose Chinese concept stocks returned to Hong Kong, had 1,216 people who subscribed for the public placement, and the first-hand lottery rate was 100%.Its Futu grey market opened 4.1% lower, and finally closed down 4.73% at HK$278.2, with a first-hand book loss of HK$276. Its Yaocai grey market fell slightly by 0.14%, Phillip's grey market fell 5.82%, and the price difference between the two dark markets was 5.68%. , which is the one with the largest drop among the four new stocks that landed on the grey market.
As of the close of the previous trading day, Noah Fortune’s U.S. stock price was reported at US$18.13, equivalent to HK$284.64 of the Hong Kong stock price, a premium of about 2.31% over Futu’s grey market price.
According to Frost & Sullivan, Noah Holdings is the largest independent wealth management service provider serving high-net-worth and ultra-high-net-worth clients in China in terms of total revenue in 2021.According to its prospectus, Noah Holdings has established a sales force of 1,316 financial planners since its listing on the New York Stock Exchange in 2010. As of December 31, 2021, the cumulative amount raised has reached RMB 863.1 billion, approximately 135.4 billion US dollars, has covered 84 cities in mainland China, and has multiple offices in Hong Kong, Taiwan, New York, Silicon Valley and Singapore.
As a new stock with the lowest winning rate among the 4 companies, Huzhou Gas has 10,630 people who subscribed for the public placement, and the financing subscription ratio is 8.08 times. The first-hand lottery rate is 15.01%.Its Futu grey market closed down 5.59%, with a net loss of HK$170 per lot, while Yaocai and Phillip's grey market closed down about 7% and 8% respectively.
Huzhou Gas is the largest pipeline natural gas distributor in Huzhou City, Zhejiang Province, which sells and distributes pipeline natural gas under a franchise.As at the Latest Practicable Date, Huzhou Gas was the only distributor of piped natural gas in the operating area.According to the Frost & Sullivan Report, Huzhou Gas is the largest pipeline natural gas distributor in Huzhou City in terms of pipeline natural gas sales volume in 2021, with a market share of 44.1% in Huzhou City (of which the five largest pipeline natural gas distributors in Huzhou City have a total of accounting for 92.1% of the entire Huzhou distribution market).
Zhongkang closed flat on the first day, Dushulang fell 5%
In addition, today Zhongkang Holdings and Dushulang rang the bell on the Hong Kong Stock Exchange to officially list.
As of the close, Zhongkang Holdings closed at HK$5.36, the same as the IPO price, with 21.5405 million shares traded throughout the day, with a turnover of HK$111 million and a market value of HK$2.412 billion.It is worth noting that Zhongkang Holdings opened at 4.74 yuan in early trading, 11.57% lower than the IPO price, the lowest price of the day was 4.59 yuan, and the highest price was 5.8 yuan.If you enter the market at a low level, you will earn 385 yuan per lot, excluding handling fees.
Dushulang closed at 7.2 yuan, 5.26% lower than the IPO price, with 7.7872 million shares traded throughout the day, with a turnover of 54.5304 million yuan and a market value of 2.534 billion Hong Kong dollars.If the handling fee is not included, the book loss per lot is 160 yuan.Dushulang opened at HK$5.4 in early trading, which was nearly 30% lower than the IPO price and hit the lowest price of the day. Since then, the decline in the share price has recovered somewhat.If you enter the market at a low price, you can earn about HK$720 per lot.
It is worth noting that a large number of new shares were offered before the end of the first half of the year and were listed in the first half of July.However, the performance of listed new shares in the second half of the year was not good. As of today's close, except for the financial one account that did not involve public offering due to the introduction of listing, none of the other new shares rose. It fell nearly 37%, and Xuanwu Cloud, which closed up on the first day, also turned to fall, down more than 10% from the issue price.
