HyperStrong: A Stellar Debut on Shanghai's STAR Market
Deal News | Jan 27, 2025 | PR Newswire Cision Qiming Venture Partners
HyperStrong, a leading provider of battery energy storage systems in China, successfully made its debut on the Shanghai Stock Exchange's Science and Technology Innovation Board (the STAR Market) on January 27, 2025. Issued at RMB 19.38 per share, the stock closed at RMB 63.80, representing a substantial increase of 229.21% and positioning HyperStrong with a market capitalization of RMB 11.339 billion. Qiming Venture Partners, an early investor in HyperStrong, celebrated this as its first IPO milestone of 2025. HyperStrong, founded in 2011, offers innovative energy storage solutions crucial for global energy transitions, and has been ranked among the top three Battery Energy Storage System (BESS) integrators globally. The IPO marks an important development for both the company and its investors, showcasing HyperStrong's technological advancements and market leadership in energy storage.
Sectors
- Energy Storage
- Venture Capital
- Technology
- Stock Market
Geography
- China – HyperStrong is based in China and debuted on the Shanghai Stock Exchange, making it a key geographical focus of the article.
- Global – The article references HyperStrong's global ranking among BESS integrators, indicating a broader geographical influence.
Industry
- Energy Storage – HyperStrong provides battery energy storage systems essential for renewable energy transitions.
- Venture Capital – Qiming Venture Partners, a venture capital firm, has invested in HyperStrong, facilitating its growth and IPO.
- Technology – HyperStrong's integration of big data, digital modeling, and system technology contributes significantly to its energy storage solutions.
- Stock Market – HyperStrong's IPO on the Shanghai Stock Exchange's STAR Market underscores the financial aspect of the industry.
Financials
- RMB 11.339 billion – Market capitalization of HyperStrong after its IPO on the STAR Market.
- RMB 19.38 – Per share issue price of HyperStrong during the IPO.
- RMB 63.80 – Per share closing price of HyperStrong on its IPO day.
- $9.5 billion – Capital raised by Qiming Venture Partners through various USD and RMB funds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HyperStrong | Target Company | Company | HyperStrong is a leading provider of battery energy storage systems based in China. |
| Qiming Venture Partners | Investor | Company | Venture capital firm that supported HyperStrong from early investment stages to its IPO. |
| Jianhui Zhang | Chairman and CEO of HyperStrong | Person | Dr. Zhang is pivotal in guiding HyperStrong's strategic and operational directions. |
| Alex Zhou | Managing Partner of Qiming Venture Partners | Person | As a leader of Qiming Venture Partners, Zhou has played a key role in supporting HyperStrong. |