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HUAQIN

03296 · HKEX
Listed

lt is a platform-driven company that specializes in the R&D, design, production, and operational support of smart hardware products.

Listed

IPO Timeline

  1. OpenApr 15
  2. CloseApr 20
  3. AllotmentApr 22
  4. PaymentApr 23
  5. ListingApr 23

Key Facts

Issue Price

HKD 77.70

Min Entry Fee

HKD 7,848.35

Shares Issued

58.55M

Lot Size

100

Total Raise

HKD 4549.2M

Estimated Market Cap

Public Allocation

10.0%

International Placement

90.0%

Business Overview

lt is a platform-driven company that specializes in the R&D, design, production, and operational support of smart hardware products.

Use of Proceeds

1、Approximately 40.0% (approximately HK$1,785.2 million) will be used for R&D investment centered on products to enhance technical capabilities;

2、Approximately 35.0% (approximately HK$1,562.1 million) will be used for expanding and optimizing the manufacturing system;

3、Approximately 15.0% (approximately HK$669.5 million) will be used for strategic investments and vertical integration;

4、Approximately 10.0% (approximately HK$446.3 million) will be used for working capital and general corporate purposes.

Sponsor Track Record

Track-record data is being refreshed.

Intermediaries & Documents

Sponsors

  • 中國國際金融香港證券有限公司
  • 美林(亞太)有限公司

Underwriters

  • 中國國際金融香港證券有限公司
  • 美林(亞太)有限公司
  • 高盛(亞洲)有限責任公司
  • 中信里昂證券有限公司
  • 農銀國際證券有限公司

Prospectus PDF

Prospectus PDF

Cornerstone Investors

  • JPMorgan Asset Management (Asia Pacific) Limited
  • 建滔投资有限公司
  • Aurora SF
  • Cloud Map Holdings Limited
  • 泰康人寿保险有限责任公司
  • 韦尔半导体香港有限公司
  • 3W Funds
  • 上海高毅及CICC Financial Trading Limited
  • New China Asset Management (Hong Kong) Limited
  • Green Better Limited
  • UBS Asset Management ( Singapore) Ltd.
  • 艾唯技术有限公司
  • 北京君正集成电路(香港)集团有限公司
  • 常春藤资产管理(香港)有限公司
  • 光大理财有限责任公司
  • 宏兴国际科技有限公司
  • Perseverance Asset Management International
  • JinYi Capital Multi-Strategy Fund SPC Ltd.

Total

0

49.9% of placement

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