Mainland hydrogen energy storage and transportation equipment manufacturer, National Wealth Hydrogen Energy (02582.HK), announced details of its IPO, planning to globally issue 6 million H shares, with 10% for public offering in Hong Kong and 90% for international placement. The offering price per share ranges from 65 to 73 yuan. With a board lot of 100 shares, the entry fee is 7,373.62 yuan. The IPO of the stock starts today (the 7th) and ends at noon next Tuesday (the 12th), with the expected listing on next Friday (the 15th). Haitong International and Citic Securities are the joint sponsors.

The company introduced three cornerstone investors for its listing, including Hong Kong Frontline Carbon Zhonghe, Yue New Energy Hong Kong, and Zhixin Hydrogen Equipment, with a total subscription of 0.318 billion yuan of the company's shares.

Based on the IPO price median of 69 yuan, the company is expected to raise approximately 0.363 billion yuan from the listing, with around 56.1% intended for expanding the production capacity of various products; about 33.9% for enhancing research and development capabilities, continuing technological upgrades and product iterations; approximately 10% for working capital and general corporate purposes.