Wisdom Smart Driving Launches Hong Kong IPO on June 29 with HK$81.16-HK$87.92 Price Range

According to iFeng Finance, Wisdom Smart Driving Technology Co., Ltd. (stock code: 07687) launched its Hong Kong IPO subscription on June 29, with an offering price range of HK$81.16 to HK$87.92 per share and expected listing on July 8 on the Hong Kong Stock Exchange main board. The company plans to issue 26.132 million shares globally, raising an estimated HK$21.21 billion to HK$22.98 billion.

The IPO attracted a marquee anchor investor syndicate including Purple Gold Minerals, Xuzhou Construction Machinery, Fidelity International, JPMorgan, Baring International, Indus, Jain Global, Regal, GF Fund, Dihui Capital, and Seven Grand—eleven institutional investors spanning global industrial leaders, top-tier international long-term capital, and multi-strategy funds. The anchor book reached approximately 50% of the offering limit.