CIG (06166.HK) (603083.SH) , a company that focuses on connectivity and data transmission equipment, has initiated its Hong Kong IPO.

The company offers 67.0105 million H-shares globally, with 90% (around 60.3095 million shares) allocated for the international placement and 10% (about 6.701 million shares) for the Hong Kong public offering.

The maximum offer price is set at HKD68.88 per share, aiming to raise up to around HKD4.615 billion. The entry fee for a board lot of 50 shares will be around HKD3,478.73.

The IPO will commence today (20th) and close at noon this Thursday (23rd), with the pricing and the listing expected for Friday (24th) and next Tuesday (28th). The sole sponsor is Guotai Junan International.
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