兆威机电(02692)招股，引入高瓴、广发、雾凇等21名基石，3月9日香港上市

Core Viewpoint - Zhaowei Electromechanical (兆威机电) is set to launch its IPO in Hong Kong, offering 26,748,300 H-shares at a maximum price of HKD 73.68 per share, aiming to raise approximately HKD 1.971 billion [2][3][4]. Group 1: IPO Details - The IPO subscription period is from February 27, 2026, to March 4, 2026, with shares expected to be listed on March 9, 2026 [3][4]. - The offering consists of 26,748,300 H-shares, with 90% allocated for international sale and 10% for public offering [3][4]. - The entry fee for investors is HKD 7,442.31 for a minimum lot of 100 shares [3][4]. Group 2: Financial Projections - The total estimated expenses for the IPO are around HKD 78.5 million, which includes underwriting commissions and various listing fees [4]. - The net proceeds from the IPO are projected to be approximately HKD 1.892 billion, with allocations for R&D (35%), capacity expansion (30%), strategic partnerships (15%), global service network expansion (10%), and working capital (10%) [5]. Group 3: Shareholder Structure - Post-IPO, the major shareholders will include Mr. Li Haizhou and Ms. Xie Yanling, holding a combined 56.16% of the shares [6][7]. - The company is structured to ensure significant control remains with its founders, with various partnerships and other shareholders holding the remaining equity [7]. Group 4: Company Overview - Established in 2001, Zhaowei Electromechanical is a leading provider of integrated micro-drive and drive system solutions, primarily serving high-growth sectors such as smart automotive, consumer technology, and advanced industrial manufacturing [7]. - According to Frost & Sullivan, Zhaowei is the largest provider of integrated micro-drive systems in China and the fourth largest globally by revenue as of 2024 [7].