Key Takeaways:
Key Takeaways:
CREALIGHTS (01191.HK) launched its Hong Kong IPO at HKD114 per share, targeting net proceeds of HKD1.42 billion from the listing on the Main Board.
The optoelectronic interconnect product supplier is offering 13.43 million H shares globally, with 10% reserved for the Hong Kong public offering and 90% for the international placing, according to the company's listing announcement. The offer period runs from June 18 to June 24.
The IPO has secured seven cornerstone investors with total subscriptions of approximately HKD763 million. Participants include BIWIN STORAGE (688525.SH) and KINGSOFT CLOUD's (03896.HK) subsidiary Kingsoft Cloud Network. At the offer price, the entry fee for a board lot of 50 shares is approximately HKD5,757.48.
Huatai International is acting as the sole sponsor for the listing, which is scheduled to begin trading on June 29. The pricing gives the company an enterprise value that will be tested against sector peers in the optoelectronic interconnect space. First-day trading will gauge institutional demand for the stock amid a recovering Hong Kong IPO market.
This article is for informational purposes only and does not constitute investment advice.
