Ridge Outdoor International Limited (stock code: 2720) has announced that its final offer price stands at HK$12.25 per share. A total of 28,205,000 shares have been offered globally, with 2,820,500 shares allotted under the Hong Kong Public Offering and 25,384,500 under the International Offering. According to the announcement, the Hong Kong Public Offering recorded a subscription of approximately 3,654.23 times, and the International Offering was approximately 2.94 times subscribed.

For the global offering, the company forecasts gross proceeds of about HK$345.5 million, with estimated listing expenses of HK$60.4 million. Net proceeds are expected to reach roughly HK$285.2 million. The listing date is scheduled for February 10, 2026, and shares will trade in board lots of 500 shares each.

Concerning distribution, the company states that 33,435,000 shares will be held by the public upon completion of the global offering, representing around 26.08% of the total issued share capital. Cornerstone investment commitments amount to 10,612,000 shares across two investors, who have agreed to a lock-up period of twelve months following the listing date. The announcement confirms that controlling shareholders collectively will hold 94,770,000 shares after listing, with specific lock-up restrictions also in place.

According to the announcement, there have been no irregular financing arrangements in connection with share subscriptions, and the total shareholding structure complies with all relevant listing and public float requirements. Trading in the shares is planned to commence at 9:00 a.m. on February 10, 2026, provided that the global offering becomes unconditional and that no termination events occur prior to that time.