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Hong Kong set for IPO flurry with Sany Heavy Industry leading the charge
Yahoo Finance· 2025-10-20 09:30
Core Viewpoint - The Hong Kong stock exchange is set for a significant fundraising event with the debut of four stocks, including Sany Heavy Industry, which aims to reclaim its position as the world's leading fundraising venue this year [1]. Group 1: Sany Heavy Industry - Sany Heavy Industry, China's largest construction machinery manufacturer, is targeting up to HK$12.36 billion (US$1.59 billion) through its dual-primary listing by offering 580.42 million shares [2]. - The share price for Sany is set between HK$20.30 and HK$21.30, with the final price to be determined on Friday [6]. - Sany's operations are significantly influenced by the domestic real estate sector, which is critical for its business performance and future growth [8]. Group 2: Other Stocks - CIG Shanghai, a connectivity and data transmission device provider, seeks to raise HK$4.62 billion [4]. - Deepexi Technology, an artificial intelligence application solutions provider, aims for HK$710 million [4]. - Bama Tea, a premium tea seller, has set a target of HK$450 million [4]. Group 3: Investment Process - Retail investors can start placing orders for all four stocks on Monday, with the subscription window closing on Thursday [5]. - Sany has the option to issue up to 87.06 million additional shares under an overallotment option, which could increase to 100.12 million shares if the offer size adjustment option is fully exercised [7].