Beijing Shougang Lanzatech Technology shines in Hong Kong debut

Beijing Shougang Lanzatech Technology

03/06/2026 05:55

** Shares of Beijing Shougang Lanzatech Technology  2553.HK jump as much as 105.3% from the offer price to HK$29.98 in Hong Kong debut, bucking a 1.7% drop in benchmark Hang Seng Index .HSI
** Stock last trade HK$21 by lunch break, up 43.8% from the offer price of HK$14.60 apiece with 30.5 mln shares worth HK$782.7 mln ($99.88 mln) changing hands  
** Chinese low-carbon products producer sold 40 mln shares in global offering, raising HK$584 mln for development of production facilities in Inner Mongolia, R&D and technological upgrade of production facilities, among others
** Hong Kong offering portion is 1,421.54 times subscribed, international offering portion is 0.95 times subscribed
** YTD, benchmark Hang Seng Index .HSI down 0.1%




($1 = 7.8363 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))