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guandian.comit is finally midea group’s turn to achieve “a+h” dual listing.

on august 30, midea group disclosed its prospectus after the hearing at the hong kong stock exchange, planning to list on the main board of hong kong. it is expected to conduct a pre-roadshow as early as next week, aiming to complete the listing in september and raise up to us$3 billion, or about hk$23.4 billion.

previously, midea group submitted its application to the hong kong stock exchange twice, in october 2023 and april 2024, respectively, with cicc and bank of america serving as joint sponsors. according to the previous announcement, the size of midea group's planned issuance is expected to be no more than 10% of the company's total share capital after the issuance is completed. according to ifr, a subsidiary of reuters, midea group plans to raise us$2 billion to us$3 billion in this hong kong listing, and will officially land on the hong kong stock exchange as early as september.

hong kong's new stock market this year is dominated by small and medium-sized shares. in the first half of 2024, a total of 25 companies completed the ipo process. during the period, cha baidao, which raised the most funds, raised hk$2.586 billion. midea group's financing scale of hk$23.4 billion may have the opportunity to become the largest ipo project in hong kong stocks in 2024. however, for this company that is not only limited to the development of the home appliance industry, the significance of listing in hong kong is by no means limited to fund raising itself.