New IPO Pricing | Creality 3D goes public today, receiving over 3,800x subscription, priced at HK$18.8 per share, with an unofficial market gain of HK$1,992 per lot

Futu News, May 29:$CREALITY (03388.HK)$announced the allocation results, pricing shares at HK$18.8 each, issuing a total of 73.4275 million shares, with a board lot size of 150 shares, officially listing today.

On the previous trading day, Creality 3D’s shares rose more than 70% in the grey market, closing at HK$32.08. With a board lot size of 150 shares, each lot generated a profit of HK$1,992, excluding brokerage fees.

During the public offering stage, Creality 3D received 3,829.42 times subscription. The final number of shares allocated to the public offering was 7.3428 million shares, representing approximately 10% of the total offering. A total of approximately 251,400 valid applications were received, with around 44,336 applications processed. The approximate percentage of applicants who received one lot out of their total applications was 3%.

Additionally, during the international placement stage, Creality 3D was oversubscribed by 26.8 times, with the final number of shares allocated to the international offering amounting to 66.0847 million shares, equivalent to 90% of the total offering. Futu compiled the relevant data in the table below:

Company Overview

The company is a global provider of consumer-grade 3D printing products and services. Its offerings primarily include 3D printers, 3D printing materials, 3D scanners, laser engravers, accessories and other related products, as well as various services delivered through CreatBot Cloud—a platform dedicated to 3D printing content. Additionally, in August 2025, the company launched Nexbie, an overseas e-commerce platform focused on finished 3D creative products. The company’s product portfolio covers the entire 3D printing workflow—from data input and finished output to transaction—providing end-to-end support for user creation.

Financial Summary

For the years 2023, 2024, and 2025, the company’s revenue amounted to RMB 18,829 million, RMB 22,883 million, and RMB 31,270 million, respectively. Gross profit increased by 18.1% from RMB 5,995 million in 2023 to RMB 7,078 million in 2024, and further rose by 37.7% to RMB 9,749 million in 2025. The company’s gross margin declined from 31.8% in 2023 to 30.9% in 2024, before rebounding to 31.2% in 2025.

Use of Proceeds

Regarding the use of proceeds, Creality 3D expects net proceeds from the global offering to amount to approximately HK$1.272 billion (assuming the over-allotment option is not exercised and based on an issue price of HK$18.80 per share). According to the prospectus, Creality 3D intends to allocate the net proceeds from the global offering as follows:

Approximately 30.0% of the net proceeds are expected to be allocated to research and development investments to enhance technical capabilities, support long-term innovation, and maintain the company’s competitiveness in the global consumer 3D printing industry. Approximately 25.0% of the net proceeds are expected to be used for overseas user operations, specifically for building and operating CreatBot Cloud and Nexbie. Approximately 25.0% of the net proceeds are expected to be allocated to global brand promotion and sales channel development. Approximately 10.0% of the net proceeds are expected to be used to pursue strategic partnerships, investments, or acquisitions that complement the company’s business and align with its strategic direction. The remaining 10.0% of the net proceeds are expected to be used for working capital and general corporate purposes.

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Editor/Vincent

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