KCG Securities Asia Limited

IPO

Upcoming IPOs
Listed IPOs

Symbol	Name	Industry	Offering Price	Lot Size	Entry Fee	Forecast P/E	Offering Date	Listing Date
02691.HK	Nanhua Futures	Investment Holdings & Assets Management	HKD 12.00 - 16.00	500	8,081	N/A	2025/12/12- 2025/12/17	2025/12/22
02695.HK	Impression Dahongpao	Movies & Entertainment	HKD 3.47 - 4.10	1000	4,141	N/A	2025/12/12- 2025/12/17	2025/12/22
02396.HK	B&K Corp-B	Biotechnology - Pharmaceuticals	HKD 38.20 - 51.00	200	10,303	N/A	2025/12/12- 2025/12/17	2025/12/22
02581.HK	BenQ BM Holding	Health Care Services	HKD 9.34 - 11.68	500	5,899	N/A	2025/12/12- 2025/12/17	2025/12/22
03881.HK	CiDi	Advanced hardware and software	HKD 263.0000	10	N/A	N/A	2025/12/11- 2025/12/16	2025/12/19
02546.HK	Zhihui Mining	Diversified Metals & Minerals	HKD 4.10 - 4.51	1000	4,555	N/A	2025/12/11- 2025/12/16	2025/12/19
03887.HK	HashKey Holdings	Investment Holdings & Assets Management	HKD 5.95 - 6.95	400	2,808	N/A	2025/12/09- 2025/12/12	2025/12/17
02655.HK	Guoxia Technology	New energy and environmental protection	HKD 20.1000	100	N/A	N/A	2025/12/08- 2025/12/11	2025/12/16

Nanhua Futures (02691.HK) - IPO Info

Lot Size

500

Global Offer²

107,659,000

Offering Price

HKD 12.00 - 16.00

HK Share Offer²

10766000(10.00%)

Par Value

RMB 1

Int. Share Offer²

96893000(90.00%)

Market Cap

8,612,698,716 - 11,483,598,288

Forecast EPS

N/A

Listing Date

2025/12/22

Forecast P/E

N/A

Underwriters

Arta Asset Management Limited
ABCI Securities Company Limited
AVICT Global Asset Management Limited
BOCI Asia Limited
Caitong International Securities Company Limited
China Everbright Securities (HK) Limited
CLSA Limited
CMB International Capital Limited
Fortune (HK) Securities Limited
HGNH International Securities Co., Limited
Waton Securities International Limited
Yellow River Securities Limited
Zheshang International Financial Holdings Co., Limited

Sponsor

CLSA Limited (Historical Performance)

Bank

Bank :	Area :	Branch :
Bank of China (Hong Kong) Limited CMB Wing Lung Bank Limited	N/A	N/A

Rate

Relevant Ratio
	USE OF PROCEEDS Brand promotion and Bisiness development

New and Old Shares Ratio

Reallocation of Shares Offered

Times of Public Offer Shares Sub.	1≤X<15	15≤X<50	50≤X<100	X≥100
% of total shares reallocated to HK Offer	0	15	0	0

Person

Global Ordinator

ABCI Capital Limited
BOCI Asia Limited
CLSA Limited
CMB International Capital Limited
HGNH International Securities Co., Limited

Sponsor

CLSA Limited (Historical Performance)

Lead Manager

Legal

Beijing Jincheng Tongda & Neal Law Firm

Property Valuer

N/A

Book Runner

Arta Asset Management Limited
ABCI Capital Limited
BOCI Asia Limited
Caitong International Securities Company Limited
China Everbright Securities (HK) Limited
CLSA Limited
CMB International Capital Limited
HGNH International Securities Co., Limited
Zheshang International Financial Holdings Co., Limited

1.% Chg. on list. Day: [(Closing price on list. day – Offering price)/Offering Price] *100%. Offering price and Closing Price on Listing day are not adjusted for dividend, bonus issue, ex-rights or any corporate actions. If the company is listed by introduction, opening price on the listing date will be used as the Issue price.
2.Global Offer, Hong Kong Share Offer and International Share Offer will be updated after release of Allotment Result and Full Exercise Of Over-allotment Option.

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