Impression Dahongpao Co., Ltd. (hereinafter referred to as "Impression Dahongpao"; Stock Code: 2695.HK) has launched its initial public offering (IPO), with the subscription period running from December 12 to December 17, 2025. Patrons is acting as a Joint Bookrunner and Joint Lead Manager for this offering.
According to public information, Impression Dahongpao plans to issue 36.1 million H shares, with 10% designated for the Hong Kong Public Offering and the remaining 90% for International Placing. The offer price ranges from HK$3.47 to HK$4.10 per share, with estimated net proceeds between HK$125 million and HK$148 million. According to Patrons, Impression Dahongpao is expected to be officially listed on the Main Board of the Hong Kong Stock Exchange on December 22, 2025.