On July 8, EACON Group rose 7.71% in regular trading, trading at HK$94.8/share with turnover of HK$305 million, on its first day of listing on the Hong Kong Stock Exchange Main Board.
The company, positioned as the world's first listed mining autonomous driving company, priced its IPO at HK$87.92 per share — the top end of its offer range — raising approximately HK$2.30 billion. The Hong Kong public offering received 157.82 times oversubscription, while the international placement attracted approximately HK$20.6 billion in institutional orders. Eleven cornerstone investors subscribed up to the 50% upper limit.
EACON Group is the largest autonomous mining transportation solution provider in China, with 2,580 active autonomous mining trucks deployed and a 55.5% market share by active fleet size as of end-2025. The company's total revenue grew at a compound annual rate of 130.2% from 2023 to 2025, reaching RMB 1.435 billion. Net IPO proceeds of approximately HK$2.175 billion will be directed toward technology R&D and overseas expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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