Shenzhen Xunce Technology Raises HK$1.08 Billion from Hong Kong IPO Ahead of Debut

MT Newswires Live2025-12-30

Shenzhen Xunce Technology (HKG:3317) raised HK$1.08 billion in gross proceeds from its Hong Kong initial public offering after pricing the shares at the bottom of the indicative price range.

The information technology company issued 22.5 million shares at HK$48 apiece, the bottom end of its guidance of as high as HK$55 each, according to a Monday disclosure.

The Hong Kong or public offering portion of the deal was 7.24 times oversubscribed, but the firm maintained the allocation at 2.25 million shares.

The international portion of the IPO was 3.1 times oversubscribed and the firm issued 20.3 million shares.

Shenzhen Xunce Technology will debut on the Hong Kong bourse on Tuesday, Dec. 30.

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