ADASPACE (06935.HK): subscription closes today, margin financing at 1.45 times, offer price HK$24.90-33.20, listing 13 November

NewTimeSpace News: On 10 November 2026, the Hong Kong public offering of Adaspace Technology Co., Ltd. (06935.HK) entered its final day. The Company is offering 30.121 million H shares globally, comprising 3.0121 million H shares under the Hong Kong public offer (10%, or 30,121 board lots) and 27.1089 million H shares under the international offering (90%). The offer price ranges from HK$24.90 to HK$33.20 per share, with a board lot of 100 shares and an entrance fee of approximately HK$3,353.48. 

On subscriptions, as at around 11:51 a.m. on 10 November 2026, margin financing recorded approximately HK$145 million, equivalent to 1.45 times the approximately HK$100 million raised under the public offer. On business, the Company was established in Chengdu in May 2018 and focuses on the development and in-orbit operation of AI satellites and satellite-based solutions, covering the entire industry chain from satellite development and in-orbit control to downstream commercial applications. As at the latest practicable date, it had launched 35 self-developed satellites, including 29 AI satellites, ranking first among Chinese private commercial space enterprises by cumulative number of AI satellites launched.