Core Viewpoint - Junsheng Electronics (00699.HK, 600699.SH) is launching an IPO in Hong Kong, with shares priced at a maximum of HKD 23.60, aiming to raise approximately HKD 36.60 billion [3][4][5]. Group 1: IPO Details - The IPO will offer a total of 155.1 million H-shares, with 15% of the offering subject to adjustment rights [4][5]. - The public offering will account for 10% of the total shares, with the remaining 90% allocated for international offering [4][5]. - The expected listing date on the Hong Kong Stock Exchange is November 6, 2025 [3][4]. Group 2: Financial Projections - The estimated total expenses for the IPO are around HKD 202 million, which includes underwriting commissions and other fees [5]. - The net proceeds from the IPO are projected to be approximately HKD 34.59 billion, with allocations planned for R&D, production capacity improvement, and market expansion [7][8]. Group 3: Shareholder Structure - After the IPO, the controlling shareholder will be Wang Jianfeng, holding a total of 35.86% of the shares [8]. - Other A-shareholders will hold 54.14%, while H-shareholders will own 10% of the company [8]. Group 4: Company Overview - Founded in 2004, Junsheng Electronics is a leading provider of smart automotive technology solutions, focusing on automotive parts, particularly in automotive electronics and safety [8]. - According to Frost & Sullivan, the company ranks as the second-largest provider of passive safety products in China and globally [8].