ZHOU LIU FU dark market opened, rising about 2%, officially listed on June 26

On June 22, ZHOU LIU FU Jewelry launched its Hong Kong IPO subscription from June 18 to 23, planning to issue 46.808 million H shares, of which 10% is for public offering in Hong Kong. The company set the issue price at HKD 24 per share, raising a total of approximately HKD 1.12 billion, with an entry fee of HKD 2,424.2 for 100 shares, and is expected to officially list on June 26. China International Capital Corporation and CITIC Securities International serve as joint sponsors. As of 5 PM on June 21, the stock's margin subscription amount reached HKD 36.79 billion, oversubscribing 326 times compared to the public offering amount of HKD 112 million. It is understood that this IPO has introduced cornerstone investors such as Luohu Investment and Yongcheng No. 2 Hong Kong, with a total subscription amount of HKD 570 million.

The brand's founder, Li Weizhu, established ZHOU LIU FU in 2004, focusing on the sale of gold jewelry and diamond-set jewelry. ZHOU LIU FU has ranked among the top five in the number of stores in the Chinese jewelry market for eight consecutive years but has not been listed. Its gold products accounted for 76.5% of revenue in 2024, while the revenue share of diamond-set products decreased from 46.6% in 2022 to 23.5%