Pu'er Lancang Ancient Tea Co Ltd (Ticker: 6911 HK) is a beverage company specializing in the tea industry, specifically in the production and distribution of Pu'er tea. Based in China, the company has a history dating back to 1966.
Pu'er Lancang Ancient Tea Co Ltd announced its IPO on December 14, 2023, with the aim of raising HKD 297.36 million (USD 38.08 million). The listing is set to take place on the Hong Kong Stock Exchange, with the expected listing date being December 22, 2023. The company plans to offer 21.00 million shares, with an expected price range of HKD 10.40 to 14.16 (USD 1.33 to 1.81) per share. The offering includes a greenshoe option of 15%, amounting to an additional 3.15 million shares. The underwriters managing the offering include ABCI Capital Ltd, CMB International Capital Corp Ltd, China Merchants Securities (HK) Co Ltd, China Securities International Corporate Finance, Eddid Securities & Futures Ltd, Futu Securities International Hong Kong Ltd, Haitong International Securities Co Ltd, and ICBC.