SHUANGDENG (06960.HK), a company in energy storage business for big-data and telecommunication industries, is conducting its IPO in Hong Kong. The company plans to offer 58.557 million H-shares globally, with the Hong Kong public offering accounting for 10% (approx. 5.856 million shares) and the international offering accounting for 90% (approx. 52.701 million shares).

The offer price is set at $14.51 per share. The entry fee for a board lot of 500 shares will be about $7,328.17. The IPO period runs from this Monday (18th) to this Thursday (21st), with the listing of shares expected on 26 August. The joint sponsors are CICC, Huatai International and CCBI.

SHUANGDENG introduced cornerstone investor, Sanshui Venture Capital, for this IPO to subscribe shares equivalent to approx. RMB220 million, involving 16.673 million shares at the offer price of $14.51 per share, accounting for about 28.47% of the offering shares.
(HK stocks quote is delayed for at least 15 mins.)