China’s largest pig breeder, Muyuan Foods, will stage the biggest stock market listing this year in Hong Kong this week, hoping to raise the equivalent of 1.16 billion euros.
In a statement sent today to the financial market of the former British colony, the company confirmed that the price of the almost 274 million shares it will put up for sale will be 39 Hong Kong dollars (4.24 euros) per unit, the maximum value set out in the prospectus for investors.
With the operation, Muyuan will slightly surpass the amount raised by the Chinese group Eastroc Beverage, producer of energy drinks, which also debuted this week on the Hong Kong market with an issuance of 10.1 billion Hong Kong dollars (1.1 billion euros). Eastroc shares have already gained close to 13%, after a discreet debut.
Muyuan’s debut in Hong Kong’s financial plaza is scheduled for Friday, February 6th.
According to the company, the funds raised will be used to diversify markets – with specific references to Vietnam and Thailand – and supply chains, as well as to finance research and development projects aimed at consolidating its competitive advantage in pig farming, ‘smart’ livestock farming, nutritional management and biosecurity.
Despite taking advantage of a favorable phase for initial public offerings in Hong Kong, Muyuan is currently facing an unfavorable context, marked by the fall in the prices of pork – the most consumed by the Chinese – due to an excess of supply and the slowdown in demand, reflecting the difficulties of the Chinese economy.
Quoted by the Hong Kong newspaper South China Morning Post, an executive from the North American investment bank Morgan Stanley predicted that the Hong Kong Stock Exchange could be on track for another record year, after having attracted 119 new companies in 2025 and adding almost 37 billion dollars (31 billion euros) in listings, the largest value in the world for this type of operations.
According to the North American bank, the main drivers in 2026 should be the technology sectors – with emphasis on the enthusiasm around artificial intelligence registered in 2025 –, health services and industry, in a context of “growing appetite” among international investors for Chinese assets.
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