印象大红袍于12月12日至12月17日招股 拟全球发售3610万股H股

Core Viewpoint - Impression Dahongpao (02695) is set to launch an IPO from December 12 to December 17, 2025, offering 36.1 million H-shares at a price range of HKD 3.47 to HKD 4.1 per share, with 10% allocated for public sale in Hong Kong and 90% for international sale, plus a 15% over-allotment option [1][3] Company Overview - The company is a state-owned cultural tourism service enterprise headquartered in Wuyishan, Fujian Province [1][3] - According to Frost & Sullivan, the company ranks eighth in China's cultural tourism performance market by revenue in 2024 [1][3] - The company's operations are divided into three main segments: 1. Performance and show services 2. Impression Cultural Tourism Town business 3. Tea and hotel business [1][3] Performance and Services - The performance and show services segment includes: 1. The flagship performance "Impression Dahongpao" scenic show 2. A new performance "Moonlight Wuyi" set to launch in May 2025 3. Customized performances for corporate clients, typically for special events like team-building activities and annual meetings [1][3] Financial Projections - Assuming an offer price of HKD 3.79 per share (the midpoint of the indicative price range) and no exercise of the over-allotment option, the company estimates a net proceeds of approximately HKD 110 million from the global offering after deducting underwriting commissions and other estimated expenses [2][4]