The pack is led by Shenzhen-listed Muyuan Foods, one of the world’s largest hog breeders and pork producers, which may raise up to US$1 billion through a secondary listing. The firm has appointed Morgan Stanley, CLSA and Goldman Sachs as the overall coordinators of its proposed stock sale to help fund its global expansion.

BASiC Semiconductor, FS.com, Shanghai Seer and Worldwide Logistics also applied to raise capital, according to their statements on Wednesday, without disclosing the size or the timing of their sales. The filings, known as A1 forms, mark the first step in the listing process. None of the applications have received regulatory approval yet.

Shanghai Seer makes industrial robots and autonomous forklifts. It picked China International Capital Corporation as its overall coordinator. Worldwide Logistics, a freight forwarder based in Shanghai, named CLSA and CMB International as its overall coordinators.

Hong Kong’s IPO fundraising grew sevenfold to HK$76 billion so far this year from the same period in 2024. The city topped the global IPO league in seven of the previous 15 years. Proceeds from new listings in the first five months have equalled almost 90 per cent of last year’s level, Financial Secretary Paul Chan Mo-po wrote in his blog on Sunday.