28 Oct 2025 | 5 Mins Read
Sany Heavy Industry trades flat in Hong Kong debut after $1.6 billion IPO
Flipitmoney
China's Sany Heavy Industry raised HKD$12.36 billion ($1.59 billion) in its Hong Kong initial public offering, priced at HK$21.30 per share. The company plans to use funds for overseas expansion, R&D, digital upgrades, and sustainability. The listing adds to a pickup in Hong Kong equity fundraising, following a sizable offering from Zijin Gold International.