LuxComfort (02698) has initiated its Hong Kong IPO subscription from October 31 to November 5, 2025, offering 90.884 million shares globally. The Hong Kong public offering accounts for 10% of the total, while the international offering makes up 90% (subject to reallocation), with an additional 15% over-allotment option. The price range is set at HK$24.2 to HK$26.2 per share, with each board lot comprising 200 shares. Trading is expected to commence on the Hong Kong Stock Exchange at 9:00 AM (HKT) on November 10, 2025.

The company has secured cornerstone investments totaling approximately $139 million from prominent institutions including Southern Fund, Fullgoal Fund, E Fund Management, and others. Assuming an issue price of HK$25.20 per share and without exercising the over-allotment option, the net proceeds from the global offering are estimated at HK$2.141 billion.

Allocation of proceeds includes: - 71.4% for expanding production capacity and upgrading production lines - 11.6% for marketing and promotional activities in Africa, Latin America, and Central Asia - 4.7% for strategic acquisitions in the hygiene products sector - 0.4% for upgrading CRM systems and implementing them across multiple markets - 2.6% for hiring management consultants to analyze new markets and products - 9.3% for working capital and general corporate purposes

LuxComfort is a multinational hygiene products company focused on fast-growing emerging markets in Africa, Latin America, and Central Asia. Its product portfolio includes baby diapers, training pants, sanitary napkins, and wipes. During the track record period, the majority of its revenue came from African customers.

According to Frost & Sullivan data, the company ranked first in Africa's baby diaper and sanitary napkin markets by 2024 sales volume, with market shares of 20.3% and 15.6% respectively. By revenue, it ranked second in both categories with 17.2% and 11.9% market shares.

The company has demonstrated strong financial growth: - Revenue increased from $320 million in 2022 to $411.4 million in 2023 (28.6% growth), and further to $454.4 million in 2024 (10.5% growth) - For the four months ending April 30, 2025, revenue grew 15.5% year-over-year to $161.3 million - Net profit surged from $18.4 million in 2022 to $64.7 million in 2023 (251.7% growth), and to $95.1 million in 2024 (47% growth) - For the four months ending April 30, 2025, net profit rose 12.5% year-over-year to $31.1 million