Recently,IPO was known in advanceThe list of "Top 100 IPO Investment Institutions of 2025", "Best Investment Institutions of 2025" and "Best IPO Service Institutions of 2025" were announced.
Frost & Sullivan (Frost & Sullivan, abbreviated as "Frost & Sullivan") has been awarded the title of "Best Industry Research and Consulting Firm for IPOs in 2025" for its market-leading position in industry research and its global consulting brand influence, and has received this award for the fourth consecutive year.
Meanwhile, according to LiveReport's big data statistics, in 2025, a total of 7 industry advisory firms provided listing research and consulting services for newly listed Hong Kong companies. Among them, Frost & Sullivan had a market share of over 70%, maintaining the top position in the number of IPO projects.
As a global growth consulting firm, Frost & Sullivan integrates 65 years of consulting experience and has been serving the booming Chinese market with dedication for 28 years. With a global perspective, we help clients accelerate their business growth, achieve industry-leading benchmarks in growth, innovation, and technology, and realize capital operation goals such as financing and listing.
Frost & Sullivan deeply understands global capital markets and corporate consulting services. By innovatively introducing 'Total Investment Management (TIM)', it provides comprehensive investment and financing as well as various other professional consulting services for enterprises, including investment and financing CDD, valuation services, technology advisory, financial advisory,ESGFundraising and investment research, bond issuance industry advisory, industry consulting, valuation services, award services, industry white papers, strategic and management consulting, planning consulting, technical insights, etc.
As early as 2003, Frost & Sullivan pioneered industry advisory services for Hong Kong and overseas listings. It also took the lead in establishing and standardizing the business processes and service standards for industry advisors in the investment and financing sector, making outstanding contributions to the standardized development of the industry.
In 2025, Frost & Sullivan continued to excel in the field of investment banking and advisory services.
In 2025, Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan') assisted a total of 82 companies in listing on the Hong Kong stock market. In terms of project volume, Frost & Sullivan accounted for 72% of the Hong Kong IPO market share in 2025 (excluding reorganizations, reverse mergers, and listings through introductions), making it a leader in assisting companies with listing on the Hong Kong stock market. Among them, there were 20 'A + H' listed companies on the Hong Kong stock market in 2025, of which Frost & Sullivan served 18;Listing on the 18A BoardThere are a total of 16 companies, of which 13 are served by Frost & Sullivan.From 2014 to 2025, Frost & Sullivan has maintained its leading position in the market share of industry research consultants providing services for Chinese companies listing in Hong Kong.
In addition to the Hong Kong capital market, Frost & Sullivan has also performed impressively in overseas IPO markets. In 2024, Frost & Sullivan assisted a total of 24 companies in going public in the US, covering both the NASDAQ and New York Stock Exchanges. The listing forms included traditional IPOs.SPAC.
From 2014 to 2025, Frost & Sullivan has maintained its leadership in the market share of industry research advisory services for overseas IPO markets, serving over 3,000 companies planning to list domestically or internationally, and occupying a leading position among industry advisors for companies seeking to go public overseas.
In addition, Frost & Sullivan's research reports are also widely cited in the prospectuses of listed companies such as A-share companies and STAR Market companies, primary and secondary market research reports, and other public documents of capital markets. The brand's awareness and influence are increasing day by day. By 2025,Moore Threads (688795.SH),Yingshi Innovation (688775.SH),Bai'ors Technology (688796.SH),Heyuan Biology (688765.SH),Weigao Xuejing (603014.SH),Haian Rubber (001233.SZ),Biteite (688759.SH),Hanshan Technology (301491.SZ),Hanbang Technology (688755.SH),Sikang Technology (688583.SH)The research reports of Frost & Sullivan are used in the prospectus documents of listed companies.
In 2026, Frost & Sullivan will closely follow national policy guidance, seize the opportunities of the times, continuously improve service quality, ranging from selecting high-quality enterprises to empowering with professional knowledge, from corporate growth consulting to initial public offerings, from investment and financing matchmaking to market value management. Relying on more than sixty years of profound research accumulation and rich capital market service experience across various industries, the firm will continue to provide more professional, higher-level, and competitive knowledge services to assist enterprises throughout their entire lifecycle of growth.
In the future, Frost & Sullivan will continue to collaborate with investment banks, accounting firms, law firms, investment institutions and major exchanges to help more high-quality enterprises successfully list on the capital market, jointly create social value and promote the healthy development of the Chinese economy!
