New stock news | CCUS leader Shougang Langze (02553) oversubscribed more than 36 times on the second day of its initial public offering. Futu Securities and Tiger Brokers International lead the subscriptions.

CCUS industry leader Shougang Langze (02553) started its IPO on May 26, and market subscription heat continued to rise. As of 4 p.m. on May 27, according to TRAEGO data, Shougang Langze had already obtained margin financing of HKD 2.486 billion from securities firms, with a public offering amount of HKD 0.684 billion, oversubscribed by 36.34 times. Futu Securities led with HKD 1.365 billion, followed by Tiger Brokers and WiseNet Securities with HKD 2.31 billion and HKD 2.0 billion, respectively, showing a clear lead among major securities firms. Shougang Langze's IPO period runs from May 26 to May 29, with a global offering of 40 million H shares, of which 10% are for public offering in Hong Kong (subject to reallocation) and 90% for international offering, with a 15% over-allotment option. The offering price range is HKD 14.60 to 17.10 per share, with a board listing on the Hong Kong Stock Exchange scheduled for June 3 at 9 a.m. As the first company in the CCUS (Carbon Capture, Utilization and Storage) industry to achieve commercialization and scale of low-carbon products using synthetic biological technology, Shougang Langze is expected to capture 58.4% of the global market share by 2025, solidifying its position as an industry leader. The company's core technologies include "first-generation carbon reduction + second-generation carbon removal," with products covering ethanol, microbial protein, and SAF (Sustainable Aviation Fuel) among other high-growth segments. The microbial protein product has received the country's first feed ingredient new product certificate, and the first SAF facility with an expected annual output of around 50,000 tons is set to start production in 2027. Prior to listing, the company had strategic investments from well-known domestic and foreign institutions such as Caofeidian Fund, Mitsui & Co., and Shanghai Guomi. Based on the subscription performance in the days leading up to the IPO, the public offering section has received strong support from mainstream securities firms, indicating clear investor interest. Against the backdrop of increasing emphasis on the "dual carbon" policy and ongoing interest in ESG investments, Shougang Langze is expected to see further inflows of funds in the latter stages of the IPO, making it worth watching for new investors.