Shenzhen Xunce Technology Launches Up to HK$1.2 Billion Hong Kong IPO

MT Newswires Live

12/18

Shenzhen Xunce Technology (HKG:3317) launched its initial public offering in Hong Kong to raise as much as HK$1.24 billion.

The information technology company is offering 22.5 million H shares at an indicative price of between HK$48 and HK$55 apiece, according to a bourse filing Thursday.

The company secured nine cornerstone investors who committed to buying $39.6 million worth of IPO shares.

The issuer expects to determine its final offer price on or before Dec. 24 and disclose the allocations on Dec. 29. It will start trading on the Hong Kong bourse on Dec. 30.

Shenzhen Xunce will use the IPO proceeds to primarily fund the research and development of its solutions.

Guotai Junan Securities (Hong Kong), Deutsche Bank AG, Futu Securities International (Hong Kong), Hong Tai Securities, Orient Securities (Hong Kong), North Beta International Securities, ICBC International Securities, CCB International Capital, China Galaxy International Securities (Hong Kong), TradeGo Markets, China Merchants Securities (HK), ABCI Securities Company, BOCOM International Securities, and Tiger Brokers (HK) Global are the joint bookrunners of the IPO.

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It will start trading on the Hong Kong bourse on Dec. 30.</p><p>Shenzhen Xunce will use the IPO proceeds to primarily fund the research and development of its solutions.</p><p>Guotai Junan Securities (Hong Kong), Deutsche Bank AG, Futu Securities International (Hong Kong), Hong Tai Securities, <a href=\"https://laohu8.com/S/600958\">Orient Securities</a> (Hong Kong), North Beta International Securities, ICBC International Securities, CCB International Capital, China Galaxy International Securities (Hong Kong), TradeGo Markets, <a href=\"https://laohu8.com/S/CHMSF\">China Merchants Securities</a> (HK), ABCI Securities Company, BOCOM International Securities, and Tiger Brokers (HK) Global are the joint bookrunners of the IPO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03317","symbol_name":"迅策","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2592940950","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592940950","pubTimestamp":1766021513,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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