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Carote

Carote Ltd (Ticker: 2549.HK) is a household goods company set to list on the Hong Kong Stock Exchange (Main Board) on October 2, 2024. The company specializes in the sale of cookware, including non-stick pots, cast iron pots, kitchen utensils, drinkware, and curated cookware sets. Carote sources its products from China and sells them globally, including in markets such as mainland China, the U.S., Malaysia, Singapore, and Japan, primarily through third-party e-commerce platforms.

The IPO will offer 12.99 million shares at a price range of HKD 5.72 to HKD 5.78 per share, aiming to raise approximately HKD 750 million (USD 95.99 million). The estimated market capitalization post-IPO will be between HKD 3.06 billion and HKD 3.10 billion (USD 395.82 million to USD 400.70 million). The offering is managed by CMB International Capital Limited and BNP Paribas Securities (Asia) Limited, among other underwriters.

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