Core Viewpoint - Zhongwei New Materials successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 35.44 billion through the issuance of 104.2254 million H-shares at a price of HKD 34.00 per share [3]. Group 1: IPO Details - The IPO was oversubscribed, with a public offering receiving 27.90 times subscription and the international offering receiving 4.08 times subscription [3]. - Nine cornerstone investors participated in the IPO, collectively subscribing to shares worth approximately USD 213.5 million (around HKD 1.659 billion) [3]. Group 2: Shareholder Structure - Prior to the listing, the shareholder structure indicated that Mr. Deng Weiming and Ms. Wu Xiaoge held a combined 50.69% of the shares [4]. - Post-listing, Mr. Deng holds 2.84%, while Zhongwei Holdings, controlled by Mr. Deng (65%) and Ms. Wu (35%), holds 46.21% [5]. Group 3: Company Overview - Established in 2014, Zhongwei New Materials specializes in the research, production, and sales of new energy battery materials, particularly focusing on precursor materials for nickel and cobalt-based cathodes [5]. - The company is a global leader in the production of nickel and cobalt precursor materials, ranking first in shipment volume for five consecutive years since 2020, with market shares of 20.3% and 28.0% respectively for nickel and cobalt precursor materials in 2024 [5]. - Zhongwei New Materials has developed an integrated operation model covering the entire supply chain from upstream metal mining to recycling, offering a comprehensive product matrix including various innovative battery materials [5]. Group 4: Market Performance - As of midday trading, Zhongwei New Materials' shares were priced at HKD 32.30, with a total market capitalization of approximately HKD 33.665 billion [6]. - The IPO's trading statistics included a high of HKD 34.00, a low of HKD 32.00, and a trading volume of 10.4082 million shares, reflecting a turnover rate of 9.99% [7].
中伟新材(02579)，成功在香港上市