USAS BUILDING (02671) made its trading debut, with the company's announcement indicating an issue price of HK$7.1 per share. A total of 24.6 million shares were issued, with a board lot size of 300 shares, raising net proceeds of approximately HK$140 million. At the time of writing, the stock was up 15.63%, trading at HK$8.21, with a turnover of HK$37.1454 million.

Public information reveals that USAS BUILDING is a comprehensive prefabricated steel structure building subcontracting service provider operating in the industrial segment of the prefabricated steel structure building market. The company offers integrated services for construction projects across various industries, covering project design and optimization, procurement, manufacturing, and installation.

The company is primarily engaged in the construction of prefabricated steel structure buildings in China, with a secondary focus on overseas projects. Leveraging its technology and expertise, the company has established a strong reputation within the industrial segment of China's prefabricated steel structure building market.

According to a Frost & Sullivan report, based on 2024 revenue, the company ranks third in the industrial segment of China's prefabricated steel structure building market, holding a market share of 3.5%. The two largest players in the segment hold market shares of 35.8% and 6.5%, respectively.