Baokai New Materials (08090) Debuts in Hong Kong, Raises HK$84.3M at HK$6.22 IPO Price

According to Smart Finance, Baokai New Materials Ltd. (08090) listed on the Hong Kong stock market today at an IPO price of HK$6.22 per share, raising a net amount of approximately HK$84.3 million from the issuance of 14.47 million shares. As of the report, the stock traded flat at HK$6.22 with a turnover of HK$11.3 million.

According to prospectus filings, Baokai holds the number one market share in China's cable trench cover and composite cable trench cover segments as of 2025, and ranks third in the overall composite trench cover market, per Frost & Sullivan data.