Shenzhen Zhaowei Machinery & Electronics raises $244.3 million in Hong Kong listing
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Shenzhen Zhaowei Machinery & Electronics raised HK$1.91 billion ($244.3 million) in its Hong Kong listing, selling 26.7 million H shares at HK$71.28 each, below the maximum offer price. This marks a strong start for Hong Kong's IPO activity in 2026, with total IPOs raising about $5.5 billion in January. Zhaowei plans to use the proceeds for R&D and global expansion. Other companies, Alsco and MeiG, also finalized their listings, raising a combined total of HK$3.14 billion. Zhaowei and Alsco shares will debut on Monday.
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