Guoxia Technology Raises HK$700.6 Million from Hong Kong IPO Ahead of Debut

MT Newswires Live2025-12-16

Guoxia Technology (HKG:2655) raised HK$700.6 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$20.10 per share, according to an after-market filing with the Hong Kong Stock Exchange on Monday.

The energy storage systems provider offered 38.9 million H-shares in the global offering, after fully exercising its offer size adjustment option.

The Hong Kong public offer was 1,890.73 times oversubscribed, with a final allocation of 3.39 million shares, or 8.70% of the total offering.

The international offering was 3.63 times subscribed, with a final allocation of 35.5 million shares, or 91.30% of the total, after the full exercise of the upsize option.

An over allotment of 5.84 million shares was made under the international tranche.

Cornerstone investors, including Huikai Hong Kong Economic Development, Dream'ee (Hong Kong) Open-ended Fund Company, and RIME Capital, were allotted a combined 3.69 million shares, according to the filing.

Guoxia Technology is scheduled to debut on the Hong Kong bourse on Tuesday, Dec. 16.

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