Kinwong prices $650M Hong Kong IPO to ride AI demand

What's the deal? Shenzhen KinwongDealroom has a profile for this one. Try Dealroom → Electronic priced its Hong Kong share sale at US$8.45 per share, aiming to raise US$616.5M (roughly $650 million). The printed circuit board maker is offering 72.9 million H-shares in its global offering.

Why now? Kinwong plans to use the net proceeds to expand and upgrade production capacity for higher-value products to meet AI-driven demand. The listing comes as Chinese chip and hardware suppliers rush to tap capital markets amid surging AI spending.

What's next? Kinwong expects to announce demand levels, public offering results, and share allocations on September 28. Trading is set to begin on the Hong Kong Stock ExchangeDealroom has a profile for this one. Try Dealroom → on September 29 under stock code 3228, in board lots of 100.

The signal: Kinwong is one of four Chinese firms seeking a combined US$1.73B through separate Hong Kong listings, alongside RoboTechnik Intelligent TechnologyDealroom has a profile for this one. Try Dealroom →, Red Avenue New MaterialsDealroom has a profile for this one. Try Dealroom →, and Direct Drive Tech. The wave points to Hong Kong's reviving IPO market and investor appetite for AI-linked manufacturers.

Read more: thestandard.com.hk

Image credit: Kinwong / 景旺电子