Overview

• Mao Geping Cosmetics Co. raised HK$2.3 billion ($300 million) in its Hong Kong IPO, with shares closing 77% higher on the first trading day.
• The company is the first Chinese luxury beauty brand to list on the Hong Kong Stock Exchange, reflecting growing consumer interest in local high-end products.
• Mao Geping, a former opera performer turned celebrity makeup artist, and his wife Wang Liqun now hold a combined fortune of $1.6 billion based on their 45% stake in the company.
• The IPO was one of Hong Kong's most popular this year, with retail investor demand oversubscribed nearly 920 times, driven by the brand's premium positioning and cultural appeal.
• The company plans to expand internationally, targeting markets in Europe, the U.S., and Asia-Pacific, while continuing to capitalize on China's rising preference for domestic luxury brands.