Jiangsu Lopal Tech. Co., Ltd. (Ticker: 2465.HK) is a new energy materials company specializing in the production of LFP (lithium iron phosphate) cathode materials and automotive specialty chemicals in mainland China. The company lists on the Hong Kong Stock Exchange (HKEX) on October 30, 2024.

The firm is offering 10,000,000 shares, representing 10.0% of the total offer shares, with a price range of HKD 4.50 to HKD 7.00 per share. The estimated market capitalization at the time of the offer ranges from HKD 2.99 billion to HKD 4.66 billion (USD 382 million to USD 594 million). The total offer size is HKD 574 million (USD 74 million). Halcyon Capital Limited and Guotai Junan Capital Limited are the sponsors, with underwriting led by Guotai Junan Securities (Hong Kong) Limited and others.