Following the $4.6 billion IPO of the home appliance giant midea group co., ltd., Carote will be listed in Hong Kong on Wednesday, further enhancing the prospects of the recovery of Hong Kong's new stock issuance market. The kitchenware company, headquartered in Hangzhou, raised approximately $0.751 billion Hong Kong dollars through its IPO in Hong Kong, with an issue price of $5.78 Hong Kong dollars per share, at the high end of the price range. Carote's IPO has attracted interest from investors including Hillhouse Capital and Sequoia Capital, with very strong subscription demand, leading Carote to end subscriptions a day earlier than planned. Its Hong Kong public offering part was oversubscribed by over 1,300 times.