JINXUN RESOURCE (03636.HK) Launches IPO Today, Securing Glencore as a Key Investor

IPO Announcement: JINXUN RESOURCE (03636.HK) has announced its IPO in Hong Kong, planning to issue approximately 36.7656 million H-shares, with 10% allocated for public offering in Hong Kong and 90% for international placement.

Financial Details: The offer price is set at $30 per share, aiming to raise around $1.1 billion, with an entry fee for a board lot of 200 shares estimated at $6,060.51.

Timeline: The IPO period runs from December 31, 2025, to January 6, 2026, with the expected listing date on January 9, 2026, and Huatai International serving as the sole sponsor.

Cornerstone Investors: Eight cornerstone investors, including Glencore and SUNWODA, have collectively subscribed for shares worth approximately US$60.26 million, accounting for about 42.5% of the shares offered.