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.