Chinese energy drink maker Eastroc Beverage saw its shares rise as much as 5.2 percent above its offer price in gray-market trading on Monday, ahead of its Tuesday debut, giving investors a potential paper gain of HK$1,300 per board lot.
The company plans to issue 40.89 million H-shares, targeting up to HK$10.14 billion.
Three companies set to list in the city on February 6 saw varying levels of demand in their Hong Kong initial public offerings. Shenzhen Han’s CNC Technology, a printed circuit board equipment manufacturer, attracted HK$22.8 billion in margin financing, oversubscribing its retail tranche more than 47 times. The firm plans to debut offering of 50.45 million shares.
Chinese private healthcare provider Distinct Healthcare received HK$13.2 billion in margin financing, more than 417 times oversubscribed. The company plans to issue 4.75 million shares at HK$57.7–66.6 per share, raising up to HK$320 million. Each board lot of 50 shares costs HK$3,363.6.
Mainland hog producer Muyuan Foods recorded HK$2.06 billion in margin financing for its Hong Kong IPO, about 2 times oversubscription. The company plans to issue 270 million H-shares at a maximum offer price of HK$39 per share, raising up to HK$10.68 billion. Each board lot of 100 shares costs HK$3,939.3.
Meanwhile, AI chip supplier Axera Semiconductor received HK$1.95 billion in margin financing, oversubscribing its retail tranche 6.6 times. The company plans to issue 100 million H-shares, offering 10 percent in Hong Kong at HK$28.2 per share, raising up to HK$2.96 billion. Each board lot of 100 shares costs HK$2,848.4. Axera is expected to list on February 10.
Global fishing gear manufacturer Ridge Outdoor International raised HK$64 million in margin financing, oversubscribing 1.85 times. The company is offering 28.205 million shares globally, with 10 percent available for Hong Kong investors at HK$11.25–12.25 per share. Each board lot of 500 shares costs HK$6,186.78. Ridge Outdoor is expected to debut on February 10.
