Shenzhen Han's CNC to price Hong Kong listing at top of range; targets $618 million raise
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Shenzhen Han's CNC Technology plans to price its Hong Kong listing at HK$95.80 per share, aiming to raise HK$4.83 billion ($618 million). The company, a leading PCB equipment manufacturer in China, attracted 10 cornerstone investors committing $309.8 million. The funds will enhance operational capabilities and serve as working capital. The listing is part of a broader trend in Hong Kong, which saw strong IPO activity in January 2023, raising about $5.5 billion. Han's CNC shares are set to debut on February 6, with further details announced on February 5.
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