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2026 IPO bonanza! Over 90% of new stocks rose on their debut
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joined discussion · Feb 13 09:28

IPO Pricing | Wol核材 goes public today, receiving over 560 times subscription, priced at HKD 20.09 per share, with a 0.33% success rate for one-lot allocation

Futu Information reported on February 13$WOER (09981.HK)$Announced the allocation results, priced at HKD 20.09 per share, issuing a total of 140 million shares, with each lot consisting of 200 shares, officially listed today
In the public offering stage, Wol核材 received 569.58 times subscription, with the final number of publicly offered shares being 13.999 million shares, accounting for approximately 10% of the total issued shares. A total of about 141,400 valid applications were received, with approximately 31,654 accepted applications. The approximate percentage of allocated shares for one-lot subscription out of the total applied shares is 0.33%
In addition, during the international placement phase, Wol Nuclear Materials received 116 times subscription. The final number of international placement shares amounted to 126 million shares, accounting for 90% of the total number of offered shares. Futu Information has compiled the relevant data in the following table:
Futu Information reported on February 13$WOER (09981.HK)$Announced the allocation results, priced at HKD 20.09 per share, issuing a total of 140 million shares, with each lot consisting of 200 shares, officially listed today In the public offering stage, Wol核材 received 569.58 times subscription, with the final number of publicly offered shares being 13.999 million shares, accounting for approximately 10% of the total issued shares. A total of about 141,400 valid applications were received, with approximately 31,654 accepted applications. The approximate percentage of allocated shares for one-lot subscription out of the total applied shares is 0.33% In addition, in the international placement stage, Wol核材 received 116 times subscription, with the final number of internationally placed shares being 126 million shares, equivalent to 90% of the total issued shares. Futu Information has compiled relevant data as shown in the table below Company Overview Woer Advanced Materials is one of the largest providers of thermal shrinkage materials and communication cable products globally. In recent years, it has experienced rapid growth driven by the strong expansion of high-speed data communication and power transmission. Based on advanced self-developed patented technology, the company was the first in the industry to introduce premium products and achieved success in technology commercialization. It owns several well-known brands such as WOER and LTK, enjoys excellent customer reputation, and is highly trusted by clients. Wol核材's main business includes: electronic communication business, involving communication cable products (including high-speed copper cables, consumer and industrial cables), and e...
Futu Information reported on February 13$WOER (09981.HK)$Announced the allocation results, priced at HKD 20.09 per share, issuing a total of 140 million shares, with each lot consisting of 200 shares, officially listed today In the public offering stage, Wol核材 received 569.58 times subscription, with the final number of publicly offered shares being 13.999 million shares, accounting for approximately 10% of the total issued shares. A total of about 141,400 valid applications were received, with approximately 31,654 accepted applications. The approximate percentage of allocated shares for one-lot subscription out of the total applied shares is 0.33% In addition, in the international placement stage, Wol核材 received 116 times subscription, with the final number of internationally placed shares being 126 million shares, equivalent to 90% of the total issued shares. Futu Information has compiled relevant data as shown in the table below Company Overview Woer Advanced Materials is one of the largest providers of thermal shrinkage materials and communication cable products globally. In recent years, it has experienced rapid growth driven by the strong expansion of high-speed data communication and power transmission. Based on advanced self-developed patented technology, the company was the first in the industry to introduce premium products and achieved success in technology commercialization. It owns several well-known brands such as WOER and LTK, enjoys excellent customer reputation, and is highly trusted by clients. Wol核材's main business includes: electronic communication business, involving communication cable products (including high-speed copper cables, consumer and industrial cables), and e...
Company Overview
Woer Advanced Materials is one of the largest providers of thermal shrinkage materials and communication cable products globally. In recent years, it has experienced rapid growth driven by the strong expansion of high-speed data communication and power transmission. Based on advanced self-developed patented technology, the company was the first in the industry to introduce premium products and achieved success in technology commercialization. It owns several well-known brands such as WOER and LTK, enjoys excellent customer reputation, and is highly trusted by clients.
Woer Advanced Materials' core business includes: electronic communication services, involving communication cable products (including high-speed copper cables, consumer, and industrial cables), and the development, manufacturing, and sales of electronic materials; power transmission services, covering new energy vehicle power transmission products (including EV charging products and battery safety protection products) and the development, manufacturing, and sales of cable accessories; and other businesses, mainly including wind power generation. Notably, during the reporting period, sales of thermal shrinkage materials accounted for the majority of the company's electronic material revenue.
Financial Overview
According to financial reports prepared in accordance with International Financial Reporting Standards, for the years 2022, 2023, and 2024, as well as the nine months ended September 30, 2025, Woer Heat-Shrink Material's operating revenues were RMB 5,336.6 million, RMB 5,718.8 million, RMB 6,920.1 million, and RMB 6,076.7 million, respectively; net profits were RMB 660.2 million, RMB 757.7 million, RMB 920.5 million, and RMB 883.3 million, respectively.
For the years 2022, 2023, and 2024, as well as the nine months ended September 30, 2025, the company’s research and development expenses were RMB 305.8 million, RMB 310.0 million, RMB 348.7 million, and RMB 325.7 million, accounting for 5.7%, 5.4%, 5.0%, and 5.4% of the respective year/period revenues.
Source: Prospectus
Source: Prospectus
Use of Proceeds
In terms of capital raising purposes, Wol Nuclear Materials expects net proceeds from the global offering to be approximately HKD 2.734 billion (based on the maximum offer price of HKD 20.09). According to the prospectus, Wol Nuclear Materials intends to allocate the funds raised from the global offering for the following purposes:
Approximately 45% will be used to diversify the product portfolio and upgrade products to expand the business scope and increase market share and penetration, thereby consolidating the company's leading position in the electronic communication and power transmission industries; approximately 27% will be used to expand the global business footprint and increase production capacity in China and Malaysia to meet the growing demand from rapidly expanding overseas markets; approximately 18% will be used for potential strategic investments and/or acquisitions; and approximately 10% will be allocated for working capital and general corporate purposes.
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Futu Information reported on February 13$WOER (09981.HK)$Announced the allocation results, priced at HKD 20.09 per share, issuing a total of 140 million shares, with each lot consisting of 200 shares, officially listed today In the public offering stage, Wol核材 received 569.58 times subscription, with the final number of publicly offered shares being 13.999 million shares, accounting for approximately 10% of the total issued shares. A total of about 141,400 valid applications were received, with approximately 31,654 accepted applications. The approximate percentage of allocated shares for one-lot subscription out of the total applied shares is 0.33% In addition, in the international placement stage, Wol核材 received 116 times subscription, with the final number of internationally placed shares being 126 million shares, equivalent to 90% of the total issued shares. Futu Information has compiled relevant data as shown in the table below Company Overview Woer Advanced Materials is one of the largest providers of thermal shrinkage materials and communication cable products globally. In recent years, it has experienced rapid growth driven by the strong expansion of high-speed data communication and power transmission. Based on advanced self-developed patented technology, the company was the first in the industry to introduce premium products and achieved success in technology commercialization. It owns several well-known brands such as WOER and LTK, enjoys excellent customer reputation, and is highly trusted by clients. Wol核材's main business includes: electronic communication business, involving communication cable products (including high-speed copper cables, consumer and industrial cables), and e...
Editor/Vincent
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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