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2026 IPO bonanza! Over 90% of new stocks rose on their debut
牛牛新股君
joined discussion · Jan 30 08:03

IPO News | Muyuan, a 'hog farming and pork producer', has launched its IPO and plans to go public on February 6, 2026. The subscription amount for one lot is HKD 3,939.34.

Futu Information reported on January 29 that $MUYUAN (02714.HK)$An announcement was made that the company will offer shares from January 29 to February 3, with a plan to globally distribute approximately 274 million shares. It is expected to be listed on February 6, 2026.
Futu Information reported on January 29 that $MUYUAN (02714.HK)$An announcement was made that the company will offer shares from January 29 to February 3, with a plan to globally distribute approximately 274 million shares. It is expected to be listed on February 6, 2026. Company Overview Muyuan is a technology-driven leader in the pork industry and a pioneer in smart hog farming. With over 30 years of deep experience, the company has become a leader in the hog farming sector, adopting a vertically integrated business model that covers the entire hog farming industrial chain, including hog breeding, hog farming, feed production, and slaughtering and meat processing. According to Frost & Sullivan, since 2021, Muyuan has been the world’s largest hog farming enterprise by hog production capacity and slaughter volume, ranking first globally for four consecutive years. By slaughter volume, the company's global market share increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market shares of the second to fourth largest participants in 2024. While continuing to solidify its leading position in hog farming, the company began expanding into hog slaughtering and meat processing in 2019 to strengthen its advantage in full-industry-chain operations. According to Frost & Sullivan, by the number of hogs slaughtered, the company ranked fifth globally and first in China in 2024. In terms of revenue...
Company Overview
Muyuan is a technology-driven leader in the pork industry and a pioneer in smart hog farming. With over 30 years of deep experience, the company has become a leader in the hog farming sector, adopting a vertically integrated business model that covers the entire hog farming industrial chain, including hog breeding, hog farming, feed production, and slaughtering and meat processing. According to Frost & Sullivan, since 2021, Muyuan has been the world’s largest hog farming enterprise by hog production capacity and slaughter volume, ranking first globally for four consecutive years. By slaughter volume, the company's global market share increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market shares of the second to fourth largest participants in 2024.
While continuing to solidify its leading position in hog farming, the company began expanding into hog slaughtering and meat processing in 2019 to strengthen its advantage in full-industry-chain operations. According to Frost & Sullivan, by the number of hogs slaughtered, the company ranked fifth globally and first in China in 2024. In terms of revenue, between 2021 and 2024, the compound annual growth rate (CAGR) of the company's slaughtering and meat processing business ranked highest among large Chinese peers.
Financial Overview
The company's revenue decreased by 11.2% from RMB 124,826.2 million in 2022 to RMB 110,860.7 million in 2023. Its revenue then increased by 24.4% from RMB 110,860.7 million in 2023 to RMB 137,946.9 million in 2024. Revenue also grew by 15.5% from RMB 96,775.1 million in the nine months ended September 30, 2024, to RMB 111,790.0 million in the nine months ended September 30, 2025.
The company's gross profit increased by 25.3% from RMB 16,709.7 million in the nine months ended September 30, 2024, to RMB 20,934.5 million in the same period in 2025. The gross profit margin rose from 17.3% in the nine months ended September 30, 2024, to 18.7% in the same period in 2025.
Futu Information reported on January 29 that $MUYUAN (02714.HK)$An announcement was made that the company will offer shares from January 29 to February 3, with a plan to globally distribute approximately 274 million shares. It is expected to be listed on February 6, 2026. Company Overview Muyuan is a technology-driven leader in the pork industry and a pioneer in smart hog farming. With over 30 years of deep experience, the company has become a leader in the hog farming sector, adopting a vertically integrated business model that covers the entire hog farming industrial chain, including hog breeding, hog farming, feed production, and slaughtering and meat processing. According to Frost & Sullivan, since 2021, Muyuan has been the world’s largest hog farming enterprise by hog production capacity and slaughter volume, ranking first globally for four consecutive years. By slaughter volume, the company's global market share increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market shares of the second to fourth largest participants in 2024. While continuing to solidify its leading position in hog farming, the company began expanding into hog slaughtering and meat processing in 2019 to strengthen its advantage in full-industry-chain operations. According to Frost & Sullivan, by the number of hogs slaughtered, the company ranked fifth globally and first in China in 2024. In terms of revenue...
Industry Overview
For decades, global meat consumption has been on the rise, driven by population growth, rising incomes in developing countries, and changing dietary preferences. Pork is the most consumed meat globally. From 2020 to 2024, the compound annual growth rate of global pork consumption was 4.9%, reaching 115.3 million tons in 2024, accounting for 32.9% of global meat consumption. Pork is one of the main sources of animal protein, rich in essential vitamins and minerals such as zinc and iron, offering significant nutritional value that contributes to muscle growth and human health. The diverse cooking methods of pork make it a popular ingredient in various cuisines around the world.
Futu Information reported on January 29 that $MUYUAN (02714.HK)$An announcement was made that the company will offer shares from January 29 to February 3, with a plan to globally distribute approximately 274 million shares. It is expected to be listed on February 6, 2026. Company Overview Muyuan is a technology-driven leader in the pork industry and a pioneer in smart hog farming. With over 30 years of deep experience, the company has become a leader in the hog farming sector, adopting a vertically integrated business model that covers the entire hog farming industrial chain, including hog breeding, hog farming, feed production, and slaughtering and meat processing. According to Frost & Sullivan, since 2021, Muyuan has been the world’s largest hog farming enterprise by hog production capacity and slaughter volume, ranking first globally for four consecutive years. By slaughter volume, the company's global market share increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market shares of the second to fourth largest participants in 2024. While continuing to solidify its leading position in hog farming, the company began expanding into hog slaughtering and meat processing in 2019 to strengthen its advantage in full-industry-chain operations. According to Frost & Sullivan, by the number of hogs slaughtered, the company ranked fifth globally and first in China in 2024. In terms of revenue...
Cornerstone Investor
Cornerstone investors have agreed to subscribe for, or cause their designated entities to subscribe for, a total number of placement shares amounting to approximately HKD 5.3419 billion at the offer price, subject to certain conditions. Assuming the offer price is HKD 39 per H-share (the indicative maximum offer price stated in this prospectus), the total number of placement shares subscribed by cornerstone investors will be 136,972,800 shares. Cornerstone investors include: Charoen Pokphand Foods, Wilmar International, Sinochem Hong Kong, Henan Agricultural International Hong Kong, RBC Global Asset Management (Asia) Limited, Fidelity Funds, Perseverance Asset Management, Shanghai High毅 (associated with an over-the-counter swap with High毅), Ping An Life Insurance, Dajia Life Insurance, UBS AM Singapore, Midea Development Holdings BVI, Millennium, Jane Street.
Futu Information reported on January 29 that $MUYUAN (02714.HK)$An announcement was made that the company will offer shares from January 29 to February 3, with a plan to globally distribute approximately 274 million shares. It is expected to be listed on February 6, 2026. Company Overview Muyuan is a technology-driven leader in the pork industry and a pioneer in smart hog farming. With over 30 years of deep experience, the company has become a leader in the hog farming sector, adopting a vertically integrated business model that covers the entire hog farming industrial chain, including hog breeding, hog farming, feed production, and slaughtering and meat processing. According to Frost & Sullivan, since 2021, Muyuan has been the world’s largest hog farming enterprise by hog production capacity and slaughter volume, ranking first globally for four consecutive years. By slaughter volume, the company's global market share increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market shares of the second to fourth largest participants in 2024. While continuing to solidify its leading position in hog farming, the company began expanding into hog slaughtering and meat processing in 2019 to strengthen its advantage in full-industry-chain operations. According to Frost & Sullivan, by the number of hogs slaughtered, the company ranked fifth globally and first in China in 2024. In terms of revenue...
Use of Proceeds
In terms of fundraising purposes, Muyuan Foods expects the net proceeds from the global offering to be approximately HKD 10.4597 billion (assuming the over-allotment option is not exercised and calculated at the maximum offer price of HKD 39). According to the prospectus, Muyuan Foods intends to use the proceeds from the global offering for the following purposes:
Approximately 60.0% will be used to explore overseas opportunities and expand the business footprint; approximately 30.0% will be allocated to drive innovation across the entire industrial chain through R&D investment over the next three years; approximately 10.0% will be used as working capital and for general corporate purposes.
More reading:Muyuán Co., Ltd. Prospectus
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Futu Information reported on January 29 that $MUYUAN (02714.HK)$An announcement was made that the company will offer shares from January 29 to February 3, with a plan to globally distribute approximately 274 million shares. It is expected to be listed on February 6, 2026. Company Overview Muyuan is a technology-driven leader in the pork industry and a pioneer in smart hog farming. With over 30 years of deep experience, the company has become a leader in the hog farming sector, adopting a vertically integrated business model that covers the entire hog farming industrial chain, including hog breeding, hog farming, feed production, and slaughtering and meat processing. According to Frost & Sullivan, since 2021, Muyuan has been the world’s largest hog farming enterprise by hog production capacity and slaughter volume, ranking first globally for four consecutive years. By slaughter volume, the company's global market share increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market shares of the second to fourth largest participants in 2024. While continuing to solidify its leading position in hog farming, the company began expanding into hog slaughtering and meat processing in 2019 to strengthen its advantage in full-industry-chain operations. According to Frost & Sullivan, by the number of hogs slaughtered, the company ranked fifth globally and first in China in 2024. In terms of revenue...
Editor/Deng
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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