HONG KONG's new-listing pipeline sprang back to life after the Lunar New Year break, with four offerings launched on Friday morning seeking as much as HK$4.9 billion ($626 million) in total based on exchange filings.
The burst of launches extends a brisk start to 2026. Hong Kong logged its strongest start to a year since 2021, with IPOs and second listings raising about $5.5 billion in January, the most since $7.6 billion in January 2021, LSEG data showed earlier in February.
Shenzhen Zhaowei Machinery & Electronics, which describes itself as China’s largest integrated micro-drive and actuation systems provider by 2024 revenue, led the pack.
The company is seeking to raise up to HK$1.97 billion by offering 26.7 million H shares at a maximum price of HK$73.68 each. Proceeds will be used for business expansion and technology development, according to its filing.
Separately, industrial robot maker Estun Automation is looking to raise as much as HK$1.65 billion by offering 96.8 million H shares at up to HK$17.00 apiece.
The company said funds would support manufacturing capacity, research, development, and overseas growth initiatives.
Also in the pack is MeiG Smart Technology, which aims to raise up to HK$1.01 billion by offering 35 million H-shares at a maximum price of HK$28.86.
The Shenzhen-based firm provides wireless communication modules and smart Internet of Things or IoT terminals. Proceeds are earmarked for product development, supply chain optimization and working capital needs, its filing showed.
Reusable-packaging service provider Alsco Pooling Service is seeking up to HK$285 million by offering 20.3 million shares at a cap price of HK$14.00 each, its filing showed.
Funds will go toward network expansion, technology upgrades and general corporate purposes.
Their scheduled debuts are March 9 for Zhaowei, Estun and Alsco, and March 10 for MeiG, according to the respective filings.