English
Back
Open Account
2026 IPO bonanza! Over 90% of new stocks rose on their debut!
港股解码
joined discussion · Mar 16 11:51

[IPO Tracker] Zenith Prospect Co., Ltd. (02632.HK) has launched its IPO subscription! Expected to raise approximately HKD 660 million net proceeds

On March 16, $NEW VISION CO (02632.HK)$ 、 $GALAXIS TECH (02729.HK)$ Subscription in Hong Kong commenced on the same day! Among them,Zenith Prospect plans to globally offer 16,226,500 H-shares using Mechanism B for issuance.Among this, 1,622,700 shares will be available for public offering in Hong Kong, accounting for approximately 10%, and 14,603,900 shares will be allocated for international offering, representing about 90%. The offering price is set at HKD 42.00-48.00 per share. Assuming a mid-point price of HKD 45.00, the expected net proceeds from the fundraising are approximately HKD 662 million.Of the proceeds, approximately 46.7% will be used for production line expansion and automation and intelligent upgrades; around 32.4% will go towards enhancing the company's R&D and technological capabilities, upgrading existing solutions, and developing new products based on homologous technologies; about 10.9% is earmarked for potential strategic cooperation with participants in the industry value chain focused on fields such as optical imaging, near-eye displays, and wearable products; and roughly 10.0% will be allocated to working capital and general corporate purposes. The IPO subscription period for Zenith Prospect runs from March 16 to March 19, with expectations to list on March 24,Each lot consists of 50 shares, with an entry fee of approximately HKD 2,424.20. Notably, Zenith Prospect’s offering has received cornerstone investor support, including from Yingke No. 1 (Hong Kong) Limited and Hong Kong High-end Industry (Beijing) Development Investment Co., Ltd.The cornerstone investors plan to subscribe for approximately 110 million Hong Kong dollars’ worth of shares in total...
On March 16, $NEW VISION CO (02632.HK)$ 、 $GALAXIS TECH (02729.HK)$ The stock offering in Hong Kong begins on the same day!
Among them,Zejing Co. plans a global offering of 16,226,500 H-shares under Mechanism B.Among them, 1,622,700 shares will be allocated to the Hong Kong public offering, accounting for about 10%, while 14,603,900 shares will be part of the international offering, representing approximately 90%.
The issue price is set between 42.00 and 48.00 Hong Kong dollars per share. Assuming the midpoint of the pricing range at 45.00 Hong Kong dollars, the expected net proceeds from the offering are approximately 662 million Hong Kong dollars.Of these funds, about 46.7% will be used for production line expansion and automation and intelligent upgrades; around 32.4% will be allocated to enhancing the company’s research and development and technical capabilities, as well as upgrading existing solutions and developing new products based on homologous technologies; approximately 10.9% will be used for potential strategic cooperation with participants in the industrial value chain focusing on fields such as optical imaging, near-eye display, wearable products, and related areas; and about 10.0% will be assigned to working capital and general corporate purposes.
The subscription period for Zejing Co.'s IPO runs from March 16 to March 19, with an expected listing date of March 24,Each lot consists of 50 shares, with an entry fee of approximately 2,424.20 Hong Kong dollars.
On March 16, $NEW VISION CO (02632.HK)$ 、 $GALAXIS TECH (02729.HK)$ Subscription in Hong Kong commenced on the same day! Among them,Zenith Prospect plans to globally offer 16,226,500 H-shares using Mechanism B for issuance.Among this, 1,622,700 shares will be available for public offering in Hong Kong, accounting for approximately 10%, and 14,603,900 shares will be allocated for international offering, representing about 90%. The offering price is set at HKD 42.00-48.00 per share. Assuming a mid-point price of HKD 45.00, the expected net proceeds from the fundraising are approximately HKD 662 million.Of the proceeds, approximately 46.7% will be used for production line expansion and automation and intelligent upgrades; around 32.4% will go towards enhancing the company's R&D and technological capabilities, upgrading existing solutions, and developing new products based on homologous technologies; about 10.9% is earmarked for potential strategic cooperation with participants in the industry value chain focused on fields such as optical imaging, near-eye displays, and wearable products; and roughly 10.0% will be allocated to working capital and general corporate purposes. The IPO subscription period for Zenith Prospect runs from March 16 to March 19, with expectations to list on March 24,Each lot consists of 50 shares, with an entry fee of approximately HKD 2,424.20. Notably, Zenith Prospect’s offering has received cornerstone investor support, including from Yingke No. 1 (Hong Kong) Limited and Hong Kong High-end Industry (Beijing) Development Investment Co., Ltd.The cornerstone investors plan to subscribe for approximately 110 million Hong Kong dollars’ worth of shares in total...
Notably, Zejing Co.’s offering has received backing from cornerstone investors, including Yingke No.1 (Hong Kong) Limited and Beijing-based Hong Kong Advanced Industry Investment & Development Co., Ltd.These investors have committed to subscribing for approximately 110 million Hong Kong dollars' worth of offered shares in total.
On March 16, $NEW VISION CO (02632.HK)$ 、 $GALAXIS TECH (02729.HK)$ Subscription in Hong Kong commenced on the same day! Among them,Zenith Prospect plans to globally offer 16,226,500 H-shares using Mechanism B for issuance.Among this, 1,622,700 shares will be available for public offering in Hong Kong, accounting for approximately 10%, and 14,603,900 shares will be allocated for international offering, representing about 90%. The offering price is set at HKD 42.00-48.00 per share. Assuming a mid-point price of HKD 45.00, the expected net proceeds from the fundraising are approximately HKD 662 million.Of the proceeds, approximately 46.7% will be used for production line expansion and automation and intelligent upgrades; around 32.4% will go towards enhancing the company's R&D and technological capabilities, upgrading existing solutions, and developing new products based on homologous technologies; about 10.9% is earmarked for potential strategic cooperation with participants in the industry value chain focused on fields such as optical imaging, near-eye displays, and wearable products; and roughly 10.0% will be allocated to working capital and general corporate purposes. The IPO subscription period for Zenith Prospect runs from March 16 to March 19, with expectations to list on March 24,Each lot consists of 50 shares, with an entry fee of approximately HKD 2,424.20. Notably, Zenith Prospect’s offering has received cornerstone investor support, including from Yingke No. 1 (Hong Kong) Limited and Hong Kong High-end Industry (Beijing) Development Investment Co., Ltd.The cornerstone investors plan to subscribe for approximately 110 million Hong Kong dollars’ worth of shares in total...
According to the information, Zetronix focuses on HUD solutions, providing comprehensive solutions primarily centered around windshield HUD (W-HUD) solutions called CyberLens and augmented reality HUD (AR-HUD) solutions called CyberVision, supplemented by testing solutions and other innovative visual technology solutions. The company collaborates deeply with automakers during the solution definition phase, bringing new models with enhanced human-vehicle interaction and intelligent driving experiences.
The announcement shows that as of September 30, 2025, Zetronix has garnered favor from 18 automaker clients, cumulatively completing 101定点projects and achieving cumulative sales of 1.9 million units.
In terms of financial performance, Zetronix's revenue for 2022 to 2024 and the first three quarters of 2025 was 214 million yuan (RMB, same below), 549 million yuan, 578 million yuan, and 480 million yuan, respectively, with a compound annual growth rate of 64.3% in revenue between 2022 and 2024.The adjusted net profits were -79.132 million yuan, 13.313 million yuan, -7.131 million yuan, and -17.452 million yuan, respectively.
For more detailed and in-depth analysis of Zetronix, please refer to previous reports by Caihua News: 'Infographic: Zejing Corporation (02632.HK) Launches IPO, Focuses on HUD Solutions Amid Widening Losses》。
Author: Mingxi
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
29K Views
Report
Comments
Write a Comment...