Nanhua Futures Co Ltd announces H‑share IPO pricing
Nanhua Futures Co Ltd (Shanghai Stock Exchange code 603093), a listed Chinese securities company, released its official announcement regarding the pricing of its upcoming H‑share public offering on 19 December 2025. The notice, published through the company’s investor‑relations portal, is available in PDF format for verification.
Key points of the announcement
| Item | Detail |
|---|---|
| Company | Nanhua Futures Co Ltd |
| Listing code | 603093 |
| Announcement date | 19 December 2025 |
| Document type | H‑share IPO pricing notice |
| Link to notice | https://stockmc.xueqiu.com/202512/603093_20251219_U73H.pdf |
| Currency of pricing | Renminbi (CNY) |
| Scope | Pricing of the company’s H‑share shares to be listed on the Hong Kong Stock Exchange |
Context for the H‑share issuance
- Nanhua Futures has a market capitalization of 12 020 000 000 CNY and a current Shanghai Stock Exchange close price of 19.43 CNY (as of 16 December 2025).
- The 52‑week price range for the Shanghai listing is 10.38 CNY – 28.69 CNY, and the price‑earnings ratio stands at 27.91.
- The company’s H‑share offering is part of the broader 2025 Hong Kong IPO surge, during which the market raised 272 476 million HKD across 102 listings. 298 companies were reported to be in the IPO pipeline at the time of the announcement, reflecting heightened demand for new listings in Hong Kong.
Implications
- The H‑share pricing announcement provides the market with the definitive valuation for Nanhua Futures’ shares in the Hong Kong market, enabling investors to assess the potential upside relative to the Shanghai listing.
- Given the company’s established presence on the Shanghai Stock Exchange and the ongoing expansion of the Hong Kong IPO market, the H‑share issuance is expected to increase liquidity and broaden the shareholder base.
- The pricing decision will also influence the company’s ability to attract international investors, as H‑shares are denominated in Hong Kong dollars and offer a gateway for foreign participation in China‑based firms.
Conclusion
Nanhua Futures Co Ltd’s disclosure of its H‑share IPO pricing marks a significant milestone in its expansion strategy. The information, released on 19 December 2025, offers investors a clear view of the company’s valuation in Hong Kong and aligns with the broader trend of intensified IPO activity in the region during 2025.
