Ningbo Joyson Electronic Corp. Completes Hong Kong Initial Public Offering
Ningbo Joyson Electronic Corp. (stock code 0699 on the Hong Kong Stock Exchange) completed its initial public offering (IPO) on Thursday, 6 November 2025. The company, which is listed on the Shanghai Stock Exchange and operates in the automobile‑components sector, raised a total of HK$3.412 billion in the offering.
Key IPO details
| Item | Value |
|---|---|
| Exchange | Hong Kong Stock Exchange, Main Board |
| Ticker | 0699 |
| Issue price | HK$22.00 per share |
| Capital raised | HK$3.412 billion |
| Total shares offered | 1.55 billion |
| Market capitalization (first day) | Approximately HK$32.6 billion |
| Opening price | HK$21.00 – a decline of 4.55 % from the closing price of the previous day |
| Lowest intraday price | HK$20.88 |
The offering was priced after a regulatory review that confirmed the company’s compliance with listing rules. The shares were allocated to a mix of overseas and qualified domestic institutional investors. The company will use the proceeds primarily for expanding production capacity and for research and development of new automotive electronic modules.
Company background
Ningbo Joyson Electronic Corp. is headquartered in Ningbo City, China, and specialises in the design, manufacture and global marketing of automotive accessories. Its product portfolio includes:
- Drive control systems
- Climate control systems
- Sensor systems
- Air intake systems
- Electronic control systems
- Automated production lines
- Vehicle air‑management systems
- Windscreen washer systems
- Rear‑view mirror systems
- Other related components
The company has been listed on the Shanghai Stock Exchange since 10 November 1993 and is a leading supplier of automotive electronic components in China.
Market reaction
The opening session saw a 5 % fall in the stock price, with the share price falling to HK$20.88 at its lowest intraday point. Despite the dip, the overall market environment remained positive; the Hang Seng Index finished the day up 0.7 % at 26,125.05, breaking a two‑day decline.
Outlook
Ningbo Joyson Electronic Corp. is positioned to benefit from the increasing demand for advanced automotive electronics, particularly in climate‑control and drive‑control modules. The capital raised through the IPO will support the company’s expansion plans and help it maintain its competitive edge in the global market.
