Luokun Precision Completes IPO Subscription with HK$59.47 Billion Margin Financing, 1.45x Oversubscription

Luokun Precision (02475), a precision manufacturing solutions provider, completed its Hong Kong IPO subscription ended today, July 6. The company raised HK$59.47 billion in margin financing, achieving 1.45 times oversubscription based on public offering size of HK$24.27 billion, according to market data.

The company is offering 383 million H shares globally at HK$63.28 per share, with Hong Kong public offering accounting for 10% and international offering 90%, plus 15% greenshoe option. H shares are expected to list on July 9. The offering attracted over 20 cornerstone investors including Taibaiglobal, True Light, GIC, ADIA and others, committing a total of US$1.5 billion.