China's folding bicycles maker Dahon shines in Hong Kong debut

Dahon Tech (Shenzhen) Co

09/09/2025 03:46

** Dahon Tech (Shenzhen) 2543.HK trades as high as HK$69 in Hong Kong debut, 39.4% above offer price of HK$49.50

** Stock trims gains later to trade at HK$58.65, still 18.5% above offer price; about 6.15 mln shares worth HK$418.8 mln ($53.8 mln) traded

** Chinese folding bicycles maker offered 7.92 mln shares for sale in global offering, raising HK$392 mln ($50.3 mln) to advance manufacturing capabilities, expanding global distribution network, enhance R&D capabilities

** Co says subscription level of HK IPO portion was 7,558.40 times, while international offering portion was 21.65 times

($1 = HK$7.7884)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))