Mininglamp Technology (明略科技, 2718) Announces Final Offer Price, Over-Subscription Details, and Listing Date

Bulletin Express
Nov 01

Mininglamp Technology (明略科技, stock code 2718) has confirmed a final offer price of HK$141.00 per Class A share for its global offering. The company is scheduled to commence trading on the Hong Kong Stock Exchange on November 3, 2025, under the short name “MININGLAMP-W,” with shares traded in board lots of 40.

A total of 7,219,000 Class A shares were made available under the global offering before any exercise of the over-allotment option. Of these, 721,920 shares (10% of total) were allocated under the Hong Kong public offering, which recorded an over-subscription rate of approximately 4,452.86 times, while 6,497,080 shares were offered internationally. The net proceeds are estimated at around HK$902.2 million after deducting listing expenses, from gross proceeds of HK$1,017.9 million.

Upon listing, the company will adopt a Weighted Voting Rights structure. The final number of issued shares stands at 144,378,361 before any exercise of the over-allotment option. Several cornerstone investors and existing shareholders have undertaken lock-up arrangements restricting disposals of their shares for a specified period.

According to official information, the public float of the Class A shares will be approximately 68.91% of the company’s total issued Class A share capital, which meets the relevant listing requirements. Dealings in the shares are expected to commence at 9:00 a.m. Hong Kong time on November 3, 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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