Lens(SZ:300433) Jin Rong Jie·2025-06-30 02:58Core Viewpoint - Lens Technology (06613.HK) is set to launch its H-share IPO on June 30, 2025, with a price range of HKD 17.38 to HKD 18.18, representing a discount of 32.80% to 38.91% compared to its A-share price of RMB 22.06 [1] Group 1: IPO Details - The company plans to issue approximately 262 million H-shares, accounting for 5.00% of its enlarged share capital, with 28.85 million shares available for Hong Kong public offering [1] - The application deadline for the IPO is July 4, with the final offer price and allocation results expected by July 8, and trading on the Hong Kong Stock Exchange commencing on July 9 [1] Group 2: Financial Projections - Assuming the midpoint of the offer price range at HKD 17.78, the company estimates net proceeds of HKD 4.59 billion from the global offering, which will be allocated as follows: 1. Approximately HKD 2.20 billion (48%) for expanding product and service offerings [2] 2. Approximately HKD 1.29 billion (28%) for global business expansion and capacity enhancement [2] 3. Approximately HKD 643 million (14%) for improving vertical integration in smart manufacturing [2] 4. Approximately HKD 459 million (10%) for working capital and general corporate purposes [2] Group 3: Cornerstone Investors - The company has secured cornerstone investments totaling approximately USD 191 million (around HKD 1.49 billion), representing 32.89% of the offering, with notable investors including Xiaomi's Green Better and Oaktree Capital [3] - Following the IPO, the shareholding of the current major shareholders, founders Zhou Qunfei and Zheng Junlong, will decrease from 63% to 59% [3]