Mao Geping Cosmetics Co., Ltd. was successfully listed on the Hong Kong Stock Exchange on December 9, 2024 under the stock code 1318.HK. The company issued 70.6 million shares priced at HK$29.80 per share, which was at the upper end of the offering price range, raising gross proceeds of approximately HK$2.1 billion.



On the first day of listing, Maogopin's share price performed strongly, rising more than 90% during the trading session, which triggered widespread concern in the market. By the close of trading, the share price was about 85% higher than the issue price, showing investors' high recognition of the brand and strong market demand for high-end beauty products.

Founded by renowned make-up artist Mao Geping in 2000, Mao Geping specializes in the research, development and sales of high-end cosmetics. As of 1H2024, the company achieved operating revenue of RMB1.972 billion, up 41% year-on-year, and net profit of RMB493 million, up 41% year-on-year.



The successful listing marks an important step for Maogoping in the capital market and provides solid financial support for its future development. The company plans to utilize the proceeds to further expand its sales network, strengthen its brand building, and explore overseas markets to continuously enhance its brand influence and market share.

Please note that the stock market is risky, investment should be cautious.