HUAQIN
03296 · HKEXlt is a platform-driven company that specializes in the R&D, design, production, and operational support of smart hardware products.
IPO Timeline
- OpenApr 15
- CloseApr 19
- AllotmentApr 21
- PaymentApr 23
- 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
| 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
- China International Capital Corporation Hong Kong Securities Limited
- Merrill Lynch (Asia Pacific) Limited
Underwriters
- China International Capital Corporation Hong Kong Securities Limited
- Merrill Lynch (Asia Pacific) Limited
- Goldman Sachs (Asia) L.L.C.
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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