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guandian.com hong kong reporton september 17, entering the end of the third quarter, the hong kong capital market welcomed the largest new stock listing (ipo) in nearly three years on the 15th day of the eighth lunar month.

midea group, a leading white goods company in china, issued additional h shares in hong kong and received a warm response. on september 16, the results of the ipo were announced. at the upper limit of hk$54.8, nearly 566 million shares were sold, raising a net amount of approximately hk$30.67 billion. if the 15% over-allotment option is fully exercised after listing, the amount of funds raised is expected to reach hk$35.666 billion, or approximately us$4.6 billion. this is not only the largest ipo in hong kong stocks since 2021, but also the second largest ipo in the world this year.

at 9:00 am on september 17, the hong kong financial conference hall of the hong kong stock exchange was already packed with people, waiting for this new stock giant to land in the hong kong capital market. fang hongbo, chairman of midea group, said in his speech at the listing ceremony, "midea group's official listing on the main board of the hong kong stock exchange is not only another important layout of midea group in the capital market, but also a new starting point for the company to further promote its global development strategy."

fang hongbo believes that the group's entry into the hong kong capital market will help further accelerate its globalization process. in the future, the group will continue to implement the four major strategies of technological leadership, user guidance, digital drive and global breakthroughs with greater determination and courage, continuously consolidate midea's leading position as a global technology company, achieve long-term and sustainable growth, and create more value for global users and shareholders.