LEMO SERVICES (02539) Plans Global Offering of 5.56 Million Shares, Expected to List on December 3

Deep News11-25

LEMO SERVICES (02539) has announced its initial public offering (IPO) from November 25, 2025, to November 28, 2025. The company plans to issue 5.56 million shares globally, with 10% allocated to the Hong Kong public offering and 90% to international investors. The offer price is set between HK$27 and HK$40 per share, with a board lot size of 100 shares. The H-shares are expected to commence trading on the Hong Kong Stock Exchange at 9:00 AM on Wednesday, December 3, 2025.

Assuming an offer price of HK$33.50 per share, the net proceeds from the global offering are estimated to be approximately HK$147 million. The company intends to allocate the funds as follows: around 60% will be used to expand its service network coverage and penetration, 20% for continuous technological upgrades and iterations, 10% for brand enhancement, and the remaining 10% for working capital and general corporate purposes.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment