Butong Group (Ticker: 6090 HK) is a Hong Kong company specializing in the design, manufacturing, and sale of premium nursery products (e.g. strollers, high chairs, cribs) under its BeBeBus brand. The company plans to list on the Hong Kong Stock Exchange on September 23, 2025, offering 10.98 million shares at an expected price range of HKD 62.01–71.20 per share, aiming to raise HKD 781.8 million (USD 100.5 million). A 15% greenshoe option may increase the offering size by an additional 1.65 million shares. At the IPO price range, Butong Group’s market capitalization is estimated between HKD 5.63 billion and HKD 6.46 billion (up to USD 830.8 million). The IPO is fully comprised of primary shares, with proceeds intended to support business expansion. The offering is managed by CLSA, Futu Securities, Haitong International, Huatai Financial, Livermore Holdings, Patrons Securities, and SPDB International, with Haitong International Capital and CITIC Securities (HK) serving as sponsors.