Ipsos Business Consulting engaged by Dragon Rise Group Holdings Limited as Industry consultant in its successful IPO on the HKEX

Ipsos Business Consulting’s IPO consulting team conducted an Independent Market Review, covering the industry development trends, market demand and competitive landscape of the foundation industry in Hong Kong. During the IPO process, Ipsos Business Consulting collaborated with the Group, IPO sponsor and its legal advisors to complete the contents of the prospectus as well as address all follow-up questions from the HKEX.

According to Ipsos Business Consulting’s analysis, the total gross output value of construction works performed by main contractors and subcontractors at construction sites in Hong Kong grew from HK$89.0 billion in 2011 to approximately HK$187.2 billion in 2016, at a CAGR of approximately 16.0%. The total revenue of the foundation industry in Hong Kong grew from approximately HK$13.0 billion in 2011 to approximately HK$20.3 billion in 2016, at a CAGR of approximately 9.3%. During the forecast period from 2017 to 2021, the total revenue of the founda􀆟on industry in Hong Kong is expected to grow from approximately HK$23.1 billion to approximately HK$26.3 billion, at a CAGR of about 3.3%.

Other recent related engagements

• Wing Chi Holdings Limited - Foundation and site formation
• Ling Yui Holdings Limited - Foundation and site formation
• Vicon Holdings Limited - Foundation main contracting works
• Geotech Holdings Limited - Slope works
• M&L Holdings Limited- Construction equipment