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KINWONG (03228.HK) Starts IPO Today, Raising Up to ~HKD5.1B; ZJ INNOLIGHT, KINGBOARD HLDG Among Cornerstone Investors
2026-09-21 09:10:55
Automotive electronics printed circuit board (PCB) supplier KINWONG (03228.HK) plans to launch its Hong Kong IPO, offering 72.9443 million H shares globally, with the Hong Kong public offering accounting for about 10% and the international placing accounting for about 90%.

The maximum offer price is HKD69.88 per share, with maximum fundraising expected to reach about HKD5.097 billion. With a board lot size is 100 shares, the entry fee of about HKD7,058.47.

The offering period runs from today (21st) to Thursday (24th), with listing expected on next Tuesday (29th). Based on the maximum offer price of HKD69.88, net proceeds are estimated at about HKD4.961 billion.

The IPO introduced 14 cornerstone investors, including CPE Redwood, ZJ INNOLIGHT (03308.HK), HANS CNC (03200.HK), CIG (06166.HK), Seven Grand, 3W Fund, Ninety One Asia, JPMAMAPL, Barings and KINGBOARD HLDG (00148.HK). They collectively subscribed for shares equivalent to about USD310 million.
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