New IPO | Flying Speed Innovation Begins Subscription, Raising Over 1.6 Billion, Entry Fee 4202 Yuan

SighingCashier · 2026-03-13T00:30:58+00:00

Network Solutions Provider Flying Innovation begins its IPO today, planning to issue 40 million H-shares and raise up to HK$1.664 billion. The offer price per share ranges from HK$35.2 to HK$41.6, with 10% allocated to the Hong Kong public offering. The company will use approximately 40% of the funds for technological research and development, 30% to strengthen international business, 20% to promote digitalization, and 10% as operating capital. The shares will be listed on March 23.

SighingCashier

2026-03-13 00:30:58

Abstract generation in progress

Network solutions provider Rapid Innovation (03355) will go public from today until next Wednesday, March 18, offering 40 million H-shares. Hong Kong public offering accounts for 10%, and international placement for 90%. The offer price ranges from HKD 35.2 to HKD 41.6 per share, raising up to HKD 1.664 billion.

One lot of 100 shares costs HKD 4,201.96.

The company plans to use approximately 40% of the net proceeds over the next five years for laboratory renovations, recruiting specialists, and purchasing hardware and software to enhance the technological platform and strengthen R&D; about 30% for establishing a regional headquarters in Singapore, upgrading multi-layer storage systems, automating workflows, expanding the service network, and recruiting an international management team to improve delivery capabilities in key overseas markets; around 20% for digitizing the group’s network solutions and service business platforms over five years; and the remaining approximately 10% for operating capital and general corporate purposes.

Shares are expected to list on March 23. Co-Lead underwriters include CICC, CITIC Securities, and China Merchants Securities.

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