Hong Kong’s market value “New Energy,” the IPO of Hongde Times has passed the hearing.
As of May 6, 2025, at 18:08, the Hongde Times IPO is expected to be the largest in Hong Kong in the past four years. This IPO will be a significant event in the market.
On May 6, the market value is anticipated to exceed 1 billion Hong Kong dollars for the production of lithium-ion batteries by Hongde Times, a new energy technology company. The IPO will proceed through the Hong Kong Stock Exchange’s main board.
The underwriting consortium includes major firms such as Goldman Sachs, Citigroup, China International Capital Corporation, UBS, among others. The IPO process was indicated to start on June 11, 2018, at the A-share market, with a reported price increase of 0.06% to 231.63 Hong Kong dollars per share, resulting in a total market value of approximately 1.02 billion Hong Kong dollars.
The consortium was already listed on the Hong Kong Stock Exchange on February 11, and the IPO process officially started after receiving approval for the listing.
According to sources, Hongde Times aims to raise funds of about 50 billion Hong Kong dollars (approximately 360.61 billion yuan) through this IPO, driven by the significant demand for electric vehicle batteries.
As of May 6, 2025, the Hongde Times is poised to become the largest IPO in Hong Kong for the past four years. In 2011, the company was represented by the Guanjian Group as it officially established itself as Hongde Times.
According to the data, this company is expected to dominate the IPO landscape with its significant market entry.
The IPO has been well-received with a focus on electric vehicle battery production, including lithium-ion batteries and other technologies.
By 2024, the Hongde Times is expected to have developed new energy vehicles, with substantial investments already being made in their production capabilities.
As of now, the company has already secured orders for over 1700 vehicles, with the production of electric vehicles ramping up steadily.
In summary, the IPO of Hongde Times is expected to be a significant milestone for the new energy sector in Hong Kong, highlighting the growing demand and investment in electric vehicle technology.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/hong-kongs-largest-ipo-in-four-years-hengtong-energys-successful-listing/
