Newman Corp (02530) to launch IPO on December 30, planning to globally issue 250 million shares.

Newman Group (02530) will be listed from December 30, 2024 to January 7, 2025. The company plans to globally issue 250 million shares, with 10% for public offering in Hong Kong and 90% for international placement, with an additional 15% over-allotment option. The offering price per share is HK$0.8 to HK$1.09, with a board lot of 8,000 shares. It is expected that the shares will start trading on the Stock Exchange of Hong Kong on Friday, January 10, 2025 at 9:00 am (Hong Kong time).