Top NC

Top NC (Ticker: 7688 HK) makes five-axis machine tools controlled by computerized numerical control systems. Its products include drilling and riveting robots, intelligent production line systems, and repair and maintenance services. Applications include aviation and aerospace manufacturing, automotive, energy, medical equipment, shipbuilding, and die and mould manufacturing. The base offering consists entirely of primary shares, with a 15% greenshoe option.

The scheduled listing date on Hong Kong Stock Exchange was May 20, 2026. The proposed offering comprises 65,330,000 shares. The base offering would represent HKD 1.72 billion, approximately $219.17 million in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is HKD 9.80 billion, approximately $1.25 billion.

CCB International Capital and Guotai Junan Capital are sponsors; CCB International Capital and Guotai Junan Securities Hong Kong are global coordinators.