China's leading air conditioner manufacturer AUX ELECTRIC (02580.HK) announced the details of its IPO in Hong Kong, planning to globally offer 207.16 million shares, with 5% (approx. 10.3582 million shares) for Hong Kong public offering and 95% (approx. 196.8 million shares) for international offering.

The offer price ranges from $16 to $17.42 per share, with an aim to raise up to approx. $3.61 billion. The entry fee was $3,519.14 with a board lot size of 200 shares. The IPO starts today (25th), and will close at noon this Thursday (28th), with the listing expected on 2 September. The sole sponsor is CICC.

This IPO attracted a total of six cornerstone investors, including PSBC (01658.HK) 's PSBC Asset Management, subscribing for approx. $974 million worth of the Company's shares. Based on the median offer price, this involves 58.2972 million shares, accounting for about 28.1% of the offered shares.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-22 16:25.)