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2026 IPO bonanza! Over 90% of new stocks rose on their debut
牛牛新股君
joined discussion · Jun 3 07:43

New IPO Pricing | Shougang Lanzze listed today, receiving over 1,400x subscription, priced at HK$14.6 per share, with a grey market profit of HK$4,280 per lot

Futu News, June 3: $SHOUGANG LANZA (02553.HK)$ announced its allotment results, pricing shares at HK$14.6 each, issuing a total of 40 million shares, with a board lot size of 200 shares, officially listing today.
On the previous trading day, Shougang Langze's shares rose 146.58% in the grey market, closing at HK$36. With a board lot size of 200 shares, investors would have made HK$4,280 per lot, excluding fees.
During the public offering stage, Shougang Langze received 1,421.54 times subscription demand. Following reallocation, the final number of shares allocated to the public offering was 6 million shares, representing approximately 15% of the total offering. A total of approximately 109,100 valid applications were received, with about 21,872 applications processed. The percentage of applicants who applied for one lot and were allocated shares was approximately 2% of the total number of shares applied for.
Additionally, during the international placement stage, Shougang Langze received 0.95 times subscription demand. The final number of shares allocated to the international offering was 34 million shares, equivalent to 85% of the total offering. Futu compiled the relevant data in the table below:
Futu News, June 3: $SHOUGANG LANZA (02553.HK)$ announced its allotment results, pricing shares at HK$14.6 each, issuing a total of 40 million shares, with a board lot size of 200 shares, officially listing today. On the previous trading day, Shougang Lanzze's grey market closed up 146.58% at HK$36. With a board lot of 200 shares, investors made HK$4,280 per lot before fees. During the public offering phase, Shougang Lanzze received 1,421.54x subscription. Following reallocation, the final number of shares allocated to the public offering was 6 million shares, representing approximately 15% of the total offering. A total of approximately 109,100 valid applications were received, with around 21,872 applications processed, and the approximate percentage of applicants who applied for one lot and received an allotment was 2% of total applications. Additionally, during the international placement phase, Shougang Lanzze received 0.95x subscription. The final number of shares allocated to the international offering was 34 million shares, representing 85% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company operates in the carbon capture, utilization, and storage (CCUS) industry, primarily focusing on producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technologies, and providing integrated low-carbon solutions. Since its establishment in 2011, the company has been deeply engaged in the CCUS sector. According to Frost & Sullivan, the company is the first in the CCUS industry to utilize...
Futu News, June 3: $SHOUGANG LANZA (02553.HK)$ announced its allotment results, pricing shares at HK$14.6 each, issuing a total of 40 million shares, with a board lot size of 200 shares, officially listing today. On the previous trading day, Shougang Lanzze's grey market closed up 146.58% at HK$36. With a board lot of 200 shares, investors made HK$4,280 per lot before fees. During the public offering phase, Shougang Lanzze received 1,421.54x subscription. Following reallocation, the final number of shares allocated to the public offering was 6 million shares, representing approximately 15% of the total offering. A total of approximately 109,100 valid applications were received, with around 21,872 applications processed, and the approximate percentage of applicants who applied for one lot and received an allotment was 2% of total applications. Additionally, during the international placement phase, Shougang Lanzze received 0.95x subscription. The final number of shares allocated to the international offering was 34 million shares, representing 85% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company operates in the carbon capture, utilization, and storage (CCUS) industry, primarily focusing on producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technologies, and providing integrated low-carbon solutions. Since its establishment in 2011, the company has been deeply engaged in the CCUS sector. According to Frost & Sullivan, the company is the first in the CCUS industry to utilize...
Company Overview
The company operates in the carbon capture, utilization, and storage (CCUS) industry, primarily focusing on producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technologies, and providing integrated low-carbon solutions. Since its establishment in 2011, the company has been deeply engaged in the CCUS sector. According to Frost & Sullivan, it is the first company in the CCUS industry to commercialize and scale low-carbon product manufacturing using proven synthetic biology technology.
Financial Summary
For the fiscal years ended December 31, 2023, 2024, and 2025, the company’s revenue amounted to RMB 592.6 million, RMB 563.6 million, and RMB 521.7 million, respectively. Gross profit for the same periods was RMB 17.7 million, RMB -93.3 million, and RMB -127.7 million, resulting in gross margins of 3.0%, -16.6%, and -24.5%, respectively.
Futu News, June 3: $SHOUGANG LANZA (02553.HK)$ announced its allotment results, pricing shares at HK$14.6 each, issuing a total of 40 million shares, with a board lot size of 200 shares, officially listing today. On the previous trading day, Shougang Lanzze's grey market closed up 146.58% at HK$36. With a board lot of 200 shares, investors made HK$4,280 per lot before fees. During the public offering phase, Shougang Lanzze received 1,421.54x subscription. Following reallocation, the final number of shares allocated to the public offering was 6 million shares, representing approximately 15% of the total offering. A total of approximately 109,100 valid applications were received, with around 21,872 applications processed, and the approximate percentage of applicants who applied for one lot and received an allotment was 2% of total applications. Additionally, during the international placement phase, Shougang Lanzze received 0.95x subscription. The final number of shares allocated to the international offering was 34 million shares, representing 85% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company operates in the carbon capture, utilization, and storage (CCUS) industry, primarily focusing on producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technologies, and providing integrated low-carbon solutions. Since its establishment in 2011, the company has been deeply engaged in the CCUS sector. According to Frost & Sullivan, the company is the first in the CCUS industry to utilize...
Use of Proceeds
Regarding the use of proceeds, Shougang Langze expects net proceeds from the global offering to be approximately HK$486 million (based on an issue price of HK$14.60). According to the prospectus, Shougang Langze intends to allocate the proceeds from the global offering to the following purposes:
Approximately 24.5% of the net proceeds are expected to be used over the next two years for the company’s Hebei Shoulang Phase II production facility. Approximately 24.8% of the net proceeds are expected to be used over the next two years to fund the construction and development of the company’s sustainable aviation fuel (SAF) production facility in Baotou, Inner Mongolia (the “SAF Facility”). Approximately 15.7% of the net proceeds are expected to be allocated over the next three years to research and development of microbial strains, production equipment and processes, and the company’s intelligent production management system to enhance production efficiency.
Approximately 14.6% of the net proceeds are expected to be used for technological upgrades at the company’s four production facilities (including upgrades to fermentation, pretreatment, and wastewater treatment processes). Approximately 9.7% of the net proceeds are expected to be used over the next three years for new product development. Approximately 4.3% of the net proceeds are expected to be invested in a gas company that will be established by local authorities in Ningxia Binze, which will centrally construct industrial off-gas transmission pipelines and related infrastructure. Approximately 6.4% of the net proceeds are expected to be used for general corporate purposes and working capital requirements.
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Futu News, June 3: $SHOUGANG LANZA (02553.HK)$ announced its allotment results, pricing shares at HK$14.6 each, issuing a total of 40 million shares, with a board lot size of 200 shares, officially listing today. On the previous trading day, Shougang Lanzze's grey market closed up 146.58% at HK$36. With a board lot of 200 shares, investors made HK$4,280 per lot before fees. During the public offering phase, Shougang Lanzze received 1,421.54x subscription. Following reallocation, the final number of shares allocated to the public offering was 6 million shares, representing approximately 15% of the total offering. A total of approximately 109,100 valid applications were received, with around 21,872 applications processed, and the approximate percentage of applicants who applied for one lot and received an allotment was 2% of total applications. Additionally, during the international placement phase, Shougang Lanzze received 0.95x subscription. The final number of shares allocated to the international offering was 34 million shares, representing 85% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company operates in the carbon capture, utilization, and storage (CCUS) industry, primarily focusing on producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technologies, and providing integrated low-carbon solutions. Since its establishment in 2011, the company has been deeply engaged in the CCUS sector. According to Frost & Sullivan, the company is the first in the CCUS industry to utilize...
Editor/Joe
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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