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Beijing Shougang LanzaTech Seeks Up to HK$684 Million in Hong Kong IPO

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Beijing Shougang LanzaTech (HKG:2553) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$684 million from the deal.

The China-based carbon capture, utilization, and storage technology company is offering 40.0 million shares at an indicative maximum price of HK$17.10 per share, according to a Hong Kong bourse filing.

The offering comprises 4 million shares for Hong Kong investors and 36 million shares for international investors, subject to reallocation and the overallotment option.

The offer price is expected to be determined by June 1, with allocation results due by June 2, ahead of the company's planned trading debut on June 3.

Net proceeds will be used mainly to fund the construction and development of production facilities in Hebei and Inner Mongolia, including a sustainable aviation fuel facility.

The funds will also be used for research and development, technology upgrades at existing production facilities, new product development, strategic investments, and working capital and general corporate purposes.

Yue Xiu Capital is acting as the sole sponsor, while Yue Xiu Securities is serving as the overall coordinator and joint global coordinator alongside Mango Financial.

Yue Xiu Securities, Mango Financial, Maxa Asset Management, CCB International Capital, Skyvast Securities, GEO Securities, uSmart Securities, CMBC Securities, Futu Securities International (Hong Kong), and Livermore are acting as joint bookrunners and joint lead managers.

The company had earlier shelved the listing timetable after a legal dispute involving the joint venture Shoulang Jiyuan disrupted the offering process and rendered the previous prospectus ineffective.

The case stems from a June 2025 lawsuit filed by a minority shareholder alleging unauthorized capital and pricing decisions at the venture.

Shougang LanzaTech has dismissed the allegations as baseless and said the dispute is not expected to materially affect its operations or financial position.

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