Patrons Shatters Records in 2025 Successfully Shepherds 15 IPOs with Total Fundraising Surpassing HK7 Billion

Reflecting on a transformative 2025, Hong Kong-based Patrons has delivered an outstanding performance review. Leveraging deep industry expertise and highly efficient execution, Patrons successfully facilitated the listing of 15 enterprises on the Hong Kong Stock Exchange (HKEX) throughout the year. The total fundraising scale exceeded HK$7.5 billion, with business operations deeply covering high-growth sectors including artificial intelligence, biomedical R&D, mass consumption, and high-end manufacturing.

Among the year’s numerous success stories, Hainan Drinda New Energy (2865.HK), Green Tea Group (6831.HK), and Zenergy (3677.HK) ranked as the top three in terms of fundraising size. Patrons served as Joint Bookrunner and Joint Lead Manager for these landmark deals, utilizing its robust underwriting network to successfully introduce cornerstone investors, thereby laying a solid foundation for the successful issuance of these projects.

Concurrently, the Hong Kong IPO market experienced a robust recovery in 2025. Total fundraising reached HK$272.1 billion, a year-on-year surge of 210%, allowing Hong Kong to reclaim its crown as the global top IPO market. Statistics show 100 IPOs listed in Hong Kong this year, with three ranking among the world's top ten, further solidifying the city's status as a premier international fundraising hub.

In 2025, Patrons capitalized on this momentum, deeply participating in this wave of listing activity:

2025 Milestone Review

January

• Completed the IPO of VISEN Pharmaceuticals (2561.HK). Patrons acted as Joint Lead Manager, introducing cornerstone investors with a subscription exceeding USD 4 million.

April

• Completed the IPO of Jiangsu Zenergy Battery Technology Co., Ltd. (3677.HK), serving as Joint Bookrunner and Joint Lead Manager.

May

• Completed the IPO of Hainan Drinda New Energy Technology Co., Ltd. (2865.HK), serving as Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager.
• Completed the IPO of Green Tea Group Limited (6831.HK), serving as Joint Bookrunner and Joint Lead Manager, introducing cornerstone investors with subscriptions exceeding HK$100 million.
• Completed the IPO of Shouhui Group Limited (2621.HK), serving as Joint Bookrunner and Joint Lead Manager.

June

• Completed the IPO of MetaLight Inc. (2605.HK), serving as Joint Bookrunner and Joint Lead Manager.
• Completed the IPO of Newtrend Group Holding Co., Ltd. (2573.HK), serving as Joint Bookrunner and Joint Lead Manager.
• Completed the IPO of Rongta Technology (Xiamen) Group Co., Ltd. (9881.HK), serving as Joint Bookrunner and Joint Lead Manager.
• Completed the IPO of Cloudbreak Pharma (2592.HK), serving as Joint Bookrunner and Joint Lead Manager, and introducing a cornerstone investor with an investment of approximately USD 2.8 million.

September

• Completed the IPO of Butong Group (6090.HK), serving as Joint Bookrunner and Joint Lead Manager.
• Completed the IPO of Shenzhen Hipine Precision Technology Co., Ltd. (2583.HK), serving as Joint Bookrunner and Joint Lead Manager.

October

• Completed the IPO of Gold Leaf International Group (8549.HK), serving as Joint Bookrunner and Joint Lead Manager. 

December       

• Completed the IPO of Impression Dahongpao Co., Ltd. (2695.HK), serving as Joint Bookrunner and Joint Lead Manager.
• Completed the IPO of Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. (2635.HK) , serving as Joint Bookrunner and Joint Lead Manager. The stock surged over 300% on its debut.
• Completed the IPO of USAS Building System (Shanghai) Co., Ltd. (2671.HK), serving as Joint Bookrunner and Joint Lead Manager.

Management at Patrons stated: "We have concluded our 2025 IPO underwriting operations with stellar results. We take immense pride in seeing the enterprises we assisted remaining active and vibrant in the capital markets. Beyond deep-diving into IPO services, Patrons is also committed to Fintech innovation. This year, we launched a newly upgraded trading platform and the Patrons APP, dedicated to optimizing user experience and providing comprehensive, intelligent financial services to investors."

Patrons boasts a professional team of seasoned industry elites. With keen market insight and exceptional execution, the firm has won high acclaim from clients. Looking ahead, Patrons remains confident in the prospects of the Hong Kong IPO market. The firm will continue to act as a bridge, striving to discover and serve more high-quality enterprises in their journey to the capital markets, while creating valuable investment opportunities for global investors.