Midea Group Targets $3.5 Billion in Hong Kong's Largest IPO in Three Years

The Chinese appliance giant's discounted share offering aims to attract global investors and boost Hong Kong's IPO market.

Midea Group plans to offer 492.1 million shares priced between HK$52 and HK$54.8 each.
The offering represents a 25% discount on Midea's Shenzhen-listed shares, aiming to draw more investors.
The IPO has attracted 18 cornerstone investors, including Cosco Shipping and UBS Asset Management.
Midea's listing is the largest in Hong Kong since JD Logistics' $3.2 billion IPO in 2021.
Shares are scheduled to start trading on September 17 under the stock code 0300.