Wuxi Lead Intelligent Equipment

Wuxi Lead Intelligent Equipment (Ticker: 470 HK) provides intelligent manufacturing equipment and solutions for lithium-ion battery production and other new-energy industries. Its equipment also serves photovoltaic, hydrogen fuel-cell, and automotive production. Planned IPO proceeds include research and development, expanded production capacity, and potential strategic acquisitions.

The scheduled listing date on Hong Kong Stock Exchange was February 11, 2026. The proposed offering comprises 93,620,000 shares at an indicative price of HKD 45.80 per share. The base offering would represent HKD 4.29 billion, approximately $546.36 million in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is HKD 106.80 billion, approximately $13.61 billion.

CITIC Securities and J.P. Morgan are sponsors, while CLSA, BOCI Asia, and Huatai Financial are underwriters.