
VGT
02476 · HKEXThe company is dedicated to the R&D, production, and sales of high-density printed circuit boards.
IPO Timeline
- OpenApr 13
- CloseApr 15
- AllotmentApr 17
- PaymentApr 21
- ListingApr 21
Key Facts
Issue Price
HKD 209.88
Min Entry Fee
HKD 21,199.63
Shares Issued
83.35M
Lot Size
100
Total Raise
HKD 17493.1M
Estimated Market Cap
—
Public Allocation
10.0%
International Placement
90.0%
Business Overview
The company is dedicated to the R&D, production, and sales of high-density printed circuit boards. Its main product offerings include a full range of rigid circuit boards (centered on multilayer boards and HDI) and flexible circuit boards (including single- and double-sided boards, multilayer boards, and rigid-flex hybrid boards).
Use of Proceeds
1、Approximately 74.0% or approximately HK$12,792.1 million is expected to be used for expanding production in Mainland China.
2、Approximately 7.0% or approximately HK$1,210.1 million is expected to be used for purchasing intelligent manufacturing equipment, including mSAP manufacturing equipment and other machines, to further diversify the product portfolio and maintain a competitive edge in advanced PCB technology fields.
3、Approximately 9.0% or approximately HK$1,555.8 million is expected to be used for research and development activities over a five-year period.
4、Approximately 10.0% or approximately HK$1,728.7 million is expected to be used as working capital and for general corporate purposes.
Sponsor Track Record
| Name | Past Deals | First Day Avg % | Break Rate % | 30-Day Avg % |
|---|---|---|---|---|
| 中金香港 | 28 | 12.4 | 21.4 | 8.6 |
| 中信里昂 | 19 | 9.7 | 26.3 | 5.1 |
| 建银国际 | 14 | 6.2 | 35.7 | 1.8 |
Baseline updated: 2026-04-15
Intermediaries & Documents
Sponsors
- J.P. Morgan Securities (Far East) Limited
- China Securities (International) Corporat Limited
- GF Capital (Hong Kong) Limited
Underwriters
- J.P. Morgan Securities (Asia Pacific) Limited
- China Securities (International) Corporate Finance Company Limited
- GF Securities (Hong Kong) Brokerage Limited
- ABCI Securities Company Limited
- China International Capital Corporation Hong Kong Securities Limited
Prospectus PDF
Prospectus PDF →Cornerstone Investors
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Total
0
44.7% of placement
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