Smart home product provider SDMC (00901.HK) announced details of its IPO. The stock starts its public offering today (18th) and will close at noon on Thursday (21st), with listing expected next Wednesday (27th). The company plans to offer 19.2073 million H shares globally, with about 10% for the Hong Kong public offering and about 90% for the international offering. The offer price is HKD32.8 per share. Based on a board lot of 100 shares, the entry fee per lot is approximately HKD3,313.08. The sole sponsor is China Securities International.Related News Citi: TENCENT (00700.HK) Mgmt Optimistic on AI Progress; Domestic Chip Supply Expected to ImproveThe company expected to raise net proceeds of approximately HKD570 million from the listing. Shareholders of SDMC include Shenzhen Tencent, a subsidiary of TENCENT (00700.HK) 0.000 (0.000%) Short selling $1.66B; Ratio 10.659% , and LUXSHARE PRECISION (002475.SZ) 0.000 (0.000%) . (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-19 16:25.) (A Shares quote is delayed for at least 15 mins.)
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