Wuxi Lead Intelligent Equipment Co., Ltd. (Ticker: 470 HK) is a China-based company specializing in intelligent manufacturing solutions for the new energy industry. Headquartered in Wuxi, the company is reportedly the world’s largest provider of lithium-ion battery intelligent equipment by revenue, while also supplying machinery for photovoltaic, hydrogen fuel cell, and automotive production. Wuxi Lead plans to list on the Hong Kong Stock Exchange on February 11, 2026, offering approximately 93.62 million H-shares at a price of HKD 45.80 per share.

The offering is expected to raise HKD 4.29 billion (approximately US$548.9 million). At this pricing, the company reportedly commands a market capitalization of HKD 106.8 billion (approximately US$13.7 billion). According to its prospectus, Wuxi Lead plans to use the IPO proceeds to fund research and development, expand production capacity, and finance potential strategic acquisitions. The offering is being sponsored by CITIC Securities and J.P. Morgan, with a syndicate of underwriters that includes CLSA, BOCI Asia, and Huatai Financial.