騰訊控股旗下電子書子公司閱文集團(tuán)上周三上市，當(dāng)天股價(jià)上漲近一倍，成為今年全球范圍首個(gè)交易日漲幅最大的大型新股。

閱文集團(tuán)上市首日的驚人表現(xiàn)說(shuō)明香港正在提升自身實(shí)力，因?yàn)樗购饧~約和納斯達(dá)克證券交易所。對(duì)打算吸引國(guó)際投資者的中國(guó)科技公司來(lái)說(shuō)，后兩家交易所一直都是較常見的上市地。

閱文集團(tuán)本次首發(fā)融資11億美元，散戶認(rèn)購(gòu)金額高達(dá)5210億港元（670億美元），相當(dāng)于香港流通中現(xiàn)金的五分之一，超額認(rèn)購(gòu)625倍。

周三開盤后不久，閱文集團(tuán)股價(jià)就飆升至110港元，市值逼近130億美元，而這只新股的發(fā)行價(jià)為55港元。收盤時(shí)閱文集團(tuán)報(bào)102.4港元，上漲86%。湯森路透數(shù)據(jù)顯示，在此之前，今年上市的科技股首日最高漲幅為44%。

一位參與閱文集團(tuán)IPO的機(jī)構(gòu)投資者表示：“作為首家進(jìn)入資本市場(chǎng)的騰訊控股子公司，閱文集團(tuán)在二級(jí)市場(chǎng)必須表現(xiàn)良好，從而為騰訊其他附屬樹立好的榜樣。”由于未獲得接觸媒體的授權(quán)，這位投資者要求不透露其身份。

但就在許多投資者唱好閱文集團(tuán)的同時(shí)，也有人指出這只股票估值過(guò)高。

據(jù)參加閱文集團(tuán)IPO路演的投資者介紹，公司高層預(yù)計(jì)2017年將實(shí)現(xiàn)凈利潤(rùn)4億元人民幣，2018年為10億元。

據(jù)此計(jì)算，目前閱文集團(tuán)的2017和2018年市盈率分別為201倍和80倍，而騰訊的2017年市盈率為51倍。

閱文集團(tuán)聯(lián)合CEO梁曉東在上市儀式結(jié)束后對(duì)記者說(shuō)，公司股價(jià)飆升是個(gè)驚喜。他同時(shí)承諾，今后的收購(gòu)和創(chuàng)新“將一直領(lǐng)先于行業(yè)”。

作為中國(guó)最大的數(shù)字平臺(tái)，閱文集團(tuán)擁有640萬(wàn)名作者的960萬(wàn)部文學(xué)作品。騰訊從2004年開始出版電子書，2013年通過(guò)內(nèi)部重組建立了閱文集團(tuán)。

感到驚喜的不光是梁曉東一人。閱文集團(tuán)成功上市再次擦亮了香港一度蒙上灰塵的科技股證交所招牌。9月份，在線保險(xiǎn)公司眾安保險(xiǎn)上市，融資15億美元，成為亞洲歷史上規(guī)模最大的金融科技類IPO，閱文集團(tuán)則緊隨其后。眾安保險(xiǎn)在第一個(gè)交易日上漲了18%（只是從那之后到現(xiàn)在其股價(jià)已回落約一半）。

此外，香港億萬(wàn)富翁李嘉誠(chéng)支持的游戲硬件制造商雷蛇和英特爾都將于下周一登陸香港市場(chǎng)。IFR本周二報(bào)道，雷蛇本次IPO融資41.2億港元，接近定價(jià)區(qū)間最高點(diǎn)。

騰訊持股43.7%的中國(guó)第二大網(wǎng)絡(luò)搜索引擎搜狗已經(jīng)在紐交所上市。

騰訊持有閱文集團(tuán)62%股權(quán)，凱雷集團(tuán)持股12.2%，盛大互娛前首席財(cái)務(wù)官李曙君創(chuàng)立的摯信資本也持有6%的股份。（財(cái)富中文網(wǎng)）

Shares in Tencent Holdings’ (TCEHY, +0.01%) e-book unit China Literature Ltd nearly doubled in their debut Wednesday, the biggest first-day pop for a large IPO globally this year.

The company’s stunning debut is evidence of Hong Kong raising its game as it strives to compete with the New York and Nasdaq exchanges which have been the more traditional home for Chinese tech IPOs seeking to attract international investors.

Demand for the IPO, which raised $1.1 billion, was such that retail investors bid for 625 times the shares on offer – tying up HK$521 billion ($67 billion), equivalent to a fifth of Hong Kong’s cash in circulation, as they waited to see whether their offers would be accepted.

China Literature’s shares rose as high as HK$110 in early trade, compared to its offer price of HK$55 per share, giving it a market value of nearly $13 billion. The shares closed at HK$102.4, a gain of 86%. Before Wednesday, the best debut performance by a tech stock this year had been 44%, according to Thomson Reuters data.

“As the first Tencent-controlled subsidiary tapping capital markets, China Literature has to perform well in the secondary market to set a good example for other Tencent units,” said an institutional investor who took part in the IPO, declining to identified as he was not authorized to speak to the media.

But while many investors cheered the stock on, others noted that the valuations for the unit were stretched.

Company executives expect net profit of 400 million yuan ($60 million) for 2017 and 1 billion yuan for 2018, according to investors who attended IPO roadshow meetings.

That implies China Literature is trading at 201 times its forecast 2017 earnings and 80 times its 2018 projections. By contrast, Tencent is trading at 51 times its 2017 forecast profits.

Co-CEO Liang Xiaodong told reporters after the opening bell ceremony that the stock’s surge was a pleasant surprise, and promised a future of acquisitions and innovation “to stay ahead of our industry.”

China’s biggest e-book platform offers 9.6 million literary works from 6.4 million authors. Tencent began e-book publishing in 2004 and after an internal reorganization, formed China Literature in 2013.

Liang isn’t the only one pleasantly surprised. The IPO’s success burnishes Hong Kong’s once-spotty reputation as an exchange for tech stocks. It comes hard on the heels of online insurance group ZhongAn’s IPO, which raised $1.5 billion in September in Asia’s biggest-ever financial technology offering. ZhongAn shares jumped 18 percent on their debut (although they’ve given up around half of those gains since).

Meanwhile, Razer Inc, a gaming hardware maker backed by Hong Kong billionaire Li Ka-shing as well as Intel (INTC, -0.17%), will make its Hong Kong debut next Monday. It has priced its HK$4.12 billion ($528 million) IPO near the top end of its price range, IFR reported on Tuesday.

Sogou Inc, China’s second-largest search engine and around 45 percent owned by Tencent, is due to list on Thursday in an IPO that should raise up to $585 million.

Tencent owns 62 percent of China Literature, while Carlyle Group LP holds 12.2 percent. A further 6 percent is owned by Trustbridge Partners, which was founded by Shujun Li, the former CFO of Shanda Interactive.