New stock news | Rigol Technologies (00537) closes IPO, subscription amount exceeds 9 billion HKD, oversubscription rate of 78.1 times.

Rigol Technologies (00537) launched its IPO from June 30, 2026, to July 6, 2026, and the IPO has now ended. According to market news, Rigol Technologies has secured a margin of 9.022 billion Hong Kong dollars from securities firms for an open offer fundraising amount of 1.1404 billion Hong Kong dollars, oversubscribed by 78.1 times. The IPO plan shows that the company intends to globally offer 24.8022 million H shares, with 10% for public offer in Hong Kong and 90% for international offer. The offer price per share is not more than 45.98 Hong Kong dollars. Each board lot consists of 100 H shares, and the company expects the H shares to start trading on the Stock Exchange of Hong Kong on July 9, 2026 (Thursday), with CITIC SEC as its sole sponsor. Rigol Technologies is a Chinese electronic measurement instrument company with advanced technological strength and a global footprint. By designing, developing, manufacturing, and delivering comprehensive electronic measurement instruments and solutions, it supports scientific exploration and industry innovation. The company owns the "RIGOL" brand, serving over 100,000 end customers in more than 90 countries and regions, addressing complex testing challenges in various industries such as communications, new energy, semiconductors, and education and research. According to Frost & Sullivan data, Rigol Technologies is the largest electronic measurement instrument supplier in China, ranking eighth globally by revenue in 2025 with a market share of 1.2%. Additionally, based on revenue in 2025, the company ranks sixth in the Chinese electronic measurement instrument market with a market share of 1.9%. On the financial side, in the fiscal years 2023, 2024, and 2025, the company recorded revenues of approximately 671 million yuan, 776 million yuan, and 900 million yuan, respectively, with total comprehensive income of about 109 million yuan, 93.484 million yuan, and 91.738 million yuan during the same period. According to the company's latest 2026 semi-annual performance forecast, the company expects to achieve a net profit attributable to the owners of the parent company of 34.5839 million to 42.6223 million yuan in the first half of 2026, representing a year-on-year increase of 113.27% to 162.84%; the net profit attributable to the owners of the parent company excluding non-recurring gains and losses is expected to be 21.4738 million to 26.465 million yuan. In terms of cornerstone investors, the group has entered into cornerstone investment agreements with HHLR Advisors, Ltd, CPE Hemlock, Suzhou New District Hi-Tech Industrial Zone, Huayuan, Sungrow Power Supply Hong Kong, Pengnian Group, CITIC PRU Fund, and CPE Hemlock. Under these agreements, cornerstone investors have agreed to subscribe or cause their designated entities to subscribe for a certain number of offer shares at the offer price, with a total amount of approximately 61.28 million US dollars, excluding brokerage commissions, securities exchange trading fees, SFC transaction levy, and HKEx trading fees (cornerstone allocation).