Dreams Gold Garden (02585.HK), a manufacturer of original gold jewelry brands focusing on the market in china's third-tier cities and below, announced the details of the IPO, planning to globally offer 43.9568 million shares, with 10% for public offering in hong kong and 90% for international offering. The offer price per share is between 12 to 14.4 yuan. Based on 200 shares per lot, the entry fee is 2,909.04 yuan. The stock is open for subscription today (21st) and will close next Tuesday (26th) at noon, with listing expected next Friday (29th). The exclusive sponsor is citic sec.

The company has introduced five cornerstone investors for its listing, including tianjin Haitai Capital, Matrix Capital, Solid Elegance, Bright Ambition, and Swift Grace, collectively subscribing for 0.197 billion yuan of company shares.

If calculated based on the median offer price of 13.2 yuan, the company is expected to net approximately 0.502 billion yuan from the listing, of which about 50% will be used to upgrade production facilities in shandong weifang to enhance production capacity; around 34% will be used to expand and strengthen the sales network; and approximately 16% will be invested in information technology.