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New Stock IPO | Copper Master's IPO Raises 500 Million, Entry Fee 6869 Yuan
China Copper Cultural and Creative Arts Products Company Copper Master (00664) will be listed from today until Thursday, March 26. The offering includes 7.4068 million H-shares, with 10% available for Hong Kong public offering and the rest for international placement. The offer price ranges from HKD 60 to HKD 68 per share, raising up to HKD 504 million.
One lot of 100 shares requires an initial deposit of HKD 6,868.57.
The company plans to allocate approximately 38% of the net proceeds for product development and design capabilities; about 24% for increasing production capacity and fulfillment flexibility; around 24% for strengthening sales channels and marketing; approximately 4% for upgrading digital and information infrastructure; and about 10% for operating capital and general corporate purposes.
Shares are expected to list on March 31. The sole sponsor is China Merchants Securities (Hong Kong).