Beijing Shougang Lanzatech Technology Co., Ltd. (Ticker: 2553 HK) is a Chinese company operating in the CCUS industry, producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technologies, while also providing low-carbon integrated solutions. The company is domiciled in China and has commissioned four large-scale production facilities across China.
Shougang Lanzatech plans to list on the Hong Kong Stock Exchange on June 3, 2026. According to published terms, the company is offering 40.0 million H shares at HKD 14.60-17.10 per share, raising up to approximately HKD 684 million, or about $87 million. The implied market capitalization is HKD 5.84-6.84 billion, equivalent to approximately $745-873 million.
The IPO consists entirely of primary shares, with a 15% greenshoe option. According to the prospectus, proceeds are expected to be used for R&D and production capacity, brand promotion and business development, working capital, and strategic acquisitions. Shougang Group is a major shareholder, alongside LanzaTech Hong Kong Limited and other investors.