April 15 (Reuters) – China-based technology firm Huaqin launched a Hong Kong share sale on Wednesday, aiming to raise up to HK$4.55 billion ($580.85 million), as the city’s capital markets continue to attract interest despite war-driven market volatility. The Shanghai-listed electronics manufacturer said it is offering 58.5 million shares for the global offering at up […]
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China’s Huaqin seeks to raise nearly $581 million in HK listing amid market volatility
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April 15 (Reuters) – China-based technology firm Huaqin launched a Hong Kong share sale on Wednesday, aiming to raise up to HK$4.55 billion ($580.85 million), as the city’s capital markets continue to attract interest despite war-driven market volatility.
The Shanghai-listed electronics manufacturer said it is offering 58.5 million shares for the global offering at up to HK$77.70 per share.
Huaqin’s listing in Hong Kong follows a slew of other Chinese technology firms choosing the Asian financial hub, which cemented its status as the world’s top IPO destination last year.
Earlier this week, Shenzhen-listed Victory Giant launched a Hong Kong share sale, seeking to bring in HK$17.5 billion in capital, which is set to be the largest equity offering since the Iran war started more than a month ago.
Meanwhile, battery maker Contemporary Amperex Technology, which held the crown for the world’s largest listing in 2025 following a $4.6 billion Hong Kong raise, is considering a near $5 billion fresh share sale, two sources with knowledge of the matter said.
Huaqin expects the final offer price for the listing to be released no later than April 22. The shares are due to start trading on April 23 under the stock code 3296.
($1 = 7.8334 Hong Kong dollars)
(Reporting by Nichiket Sunil in Bengaluru; Editing by Vijay Kishore)