New stock news | Shenzhen Senior Technology Material (06067) IPO subscription ends, oversubscribed 303.5 times with total subscriptions reaching 40.8 billion Hong Kong dollars.

Shenzhen Senior Technology Material (06067) will be listed from June 12th to 17th. Shenzhen Senior Technology Material plans to issue 150 million H shares, publicly offering them in Hong Kong at a maximum price of HK$8.98 per share, raising up to HK$1.34 billion. The lot size is 500 shares and the minimum subscription fee is HK$4535.3. Shenzhen Senior Technology Material is expected to start trading on June 23rd, with China Securities Co., Ltd. International as the sole sponsor. As of the afternoon of June 16th, Shenzhen Senior Technology Material has received HK$40.8 billion in public subscriptions, exceeding 303.5 times the planned fundraising of HK$134 million. Shenzhen Senior Technology Material has attracted investments from Fuguo, Guangfa Fund, Taikang Life, Harvest International Premium Value (Secondary Market) Fund SPC acting on behalf of Harvest Synergy SP, Springs Capital (Hong Kong), Gaoteng Enterprise Management, CICC Financial Trading Limited (related to over-the-counter trading swaps), Sunwoda Electronic Finance, Jinko Solar Investment, Mondeomax, Bona Star, Shen Sanhe, SHEEN NATION, and Chen Feng as cornerstone investors, with a total investment of $77.52 million. According to the prospectus, Shenzhen Senior Technology Material is a manufacturer of lithium-ion battery separators. Founded in 2003, the company has accumulated over 20 years of industry experience in the research, production, and sale of lithium-ion battery separators. The separator is a core component of lithium-ion batteries that prevents physical contact between electrodes and serves as the electrolyte carrier to facilitate ion conduction, directly impacting the quality, safety, and production cost of lithium-ion batteries. The company has demonstrated outstanding performance in many key performance indicators of battery separators, including thickness, porosity, thermal shrinkage, air permeability, and puncture strength. With its professional technology and commitment to quality, the company provides services to world-leading lithium-ion battery manufacturers such as LG New Energy, Samsung SDI, Farasis Power, Murata, SKOn, SAFT, Contemporary Amperex Technology, BYD Company Limited, Gotion High-tech, CALB, Eve Energy Co., Ltd., and Sunwoda Electronic. According to Frost & Sullivan data, the company is the first Chinese enterprise to master the dry method single-draw technology for lithium-ion battery separators. According to Frost & Sullivan data, the company has ranked second in global lithium-ion battery separator shipments for the past six years, with its global market share increasing from 11.0% in 2020 to 11.6% in 2025. By 2025, the group is projected to have a market share of approximately 13.5%, ranking second in the battery separator market in mainland China. The company is one of the few in mainland China with the production capabilities for dry method, wet method, and coating separator technologies for lithium-ion batteries. By shipment volume, the company is estimated to have a market share of approximately 21.5% in the global dry method battery separator market and 9.0% in the global wet method battery separator market in 2025, ranking first and fourth globally, respectively.