According to EnergyTrend, on November 9,RelyEZ Energy (09621. HK) Officially listed on the Main Board of the Stock Exchange of Hong Kong.
RelyEZ Energy’s global offering of 57.5405 million H shares, the offering price was set at HK$9.78 per share, in the middle of the issuance range of HK$8.54-11.10; of which 5,754,500 shares were publicly offered in Hong Kong and 51,786,000 shares were offered internationally, with each trading unit being 500 shares. The total amount raised was approximately HK$563 million, and the net amount raised was approximately HK$502 million.
The results of the IPO allocation show that the Hong Kong public offering was oversubscribed 1,388.75 times, and the international offering was oversubscribed 1.30 times. This IPO introduced CDH Global, a subsidiary of CDH Investments, as a cornerstone investor.
From the first submission to the official listing, the entire IPO process lasted 8 months.
RelyEZ Energy Hong Kong Stock Exchange IPO listing process (2026):
January 9: Submitted application for listing on the main board for the first time, exclusively sponsoring CMB International;
July 9: The 6-month validity period of the first prospectus expires and the application becomes invalid;
August 9: Second submission to the Hong Kong Stock Exchange;
October 19: Disclosure of post-hearing information set and passing listing hearing;
October 30: The prospectus is published and the global offering is launched; the cornerstone of CDH Global is introduced; the Hong Kong public offering starts simultaneously, with the offering period from October 30 to November 4;
November 5: The announcement determined the offering price at HK$9.78 per share, with an issuance range of HK$8.54–11.10;
November 6: Announcement of final offering price and allotment results;
November 9: Officially listed for trading on the main board of the Hong Kong Stock Exchange, stock code 09621. HK.
Public information shows thatRelyEZ Energy was established in Shenzhen in 2019, mainly engaged in the research and development, manufacturing and sales of energy storage system solutions and energy storage products. Its business covers large-scale energy storage power stations, industrial and commercial energy storage scenarios, and its market extends to overseas regions such as Japan, Europe, South America, and Africa.
According to data from Frost & Sullivan quoted in the prospectus,RelyEZ Energy’s energy storage system shipments in 2025 are 5.4 GWh, ranking tenth among domestic energy storage system solution manufacturers, with a corresponding market share of 2.1%. As of the IPO stage, RelyEZ Energy has delivered more than 13 GWh of energy storage systems.
According to the prospectus, the funds raised from this listing will be mainly invested in the research and development of energy storage software and intelligent platforms, the upgrade of production line manufacturing capabilities, overseas market expansion, continued layout of energy management systems, power trading related technology development, and improvement of overseas localized service systems. Among them, looking at the breakdown, 45% is used for energy storage software and hardware research and development, 25% is used for overseas expansion, and 20% is used for Wuzhen production line construction., 10% to supplement working capital.
On the first day of listing, RelyEZ Energy opened at HK$21, an increase of 114.72% from the issue price, hitting an intraday high of HK$22.4. It fell back in late trading and closed at HK$15.55, an increase of 59% from the issue price.
Source：EnergyTrend
