Six China IPOs debut in Hong Kong after raising $900 mln to cap banner year

Beijing 51WORLD Digital Twin Technology Co

30/12/2025 01:43

HONG KONG/SINGAPORE, Dec 30 (Reuters) - Six Chinese companies made their Hong Kong trading debuts on Tuesday after raising about HK$6.99 billion ($900 million), with most opening above their IPO prices, rounding off a resurgent year for listings as the city dominated Asian equity capital markets.

About $75 billion was raised in Hong Kong in 2025, more than triple the 2024 tally and the highest since 2021, according to LSEG data.

All but one of the debutants started trading above their IPO prices. InSilico Medicine Cayman TopCo 3696.HK, a generative-AI drug discovery firm, jumped about 45%.

Beijing 51WORLD Digital Twin Technology 6651.HK, a software company, gained nearly 15%, and USAS Building System 2671.HK, an industrial steel-structure maker, climbed more than 15%, while Shanghai Forest Cabin Cosmetics Group 2657.HK, a premium skincare brand, rose about 9%.

($1 = 7.7736 Hong Kong dollars)

 (Reporting by Jiaxing Li in Hong Kong, Yantoultra Ngui in Singapore; Editing by Neil Fullick)

 ((Yantoultra.Ngui@thomsonreuters.com;))