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Harneys advises on HK$781.84 million IPO of Butong Group

03 Oct 2025
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Harneys acted as Cayman Islands counsel to Butong Group on its HK$781.84 million initial public offering on the Main Board of the Hong Kong Stock Exchange. The company’s shares commenced trading on 23 September 2025 under the stock code 6090.HK. This marks another substantial IPO from the consumer goods sector, reflecting sustained global investor interest in Asian growth stories.

Butong Group specialises in the design, manufacturing, and sale of premium nursery products under its flagship BeBeBus brand, creating high-quality solutions for families across Asia and beyond. The IPO involved an offering of 10,980,900 primary shares, fully placed with substantial institutional and retail investor interest. The final offer price was HK$71.20 per share, with a market cap on listing of approximately HK$6.46 billion.

The Harneys team was led by Hong Kong Corporate Partner Raymond Ng, supported by Counsel Annie Liu and Legal Manager Pauline Yuen. CITIC Securities (Hong Kong) Limited and Haitong International Capital Limited acted as joint sponsors, with an international syndicate of coordinators and bookrunners.

Raymond said: “We are thrilled to work with Butong Group on its market debut, exemplifying Harneys’ expertise advising global consumer businesses on complex, cross-border ECM transactions.”

Harneys’ Corporate team regularly advises on all aspects of offshore capital markets matters, including IPOs, secondary offerings, equity-linked products, private placements, and take-privates, for clients listing on exchanges in Hong Kong, New York, London, Singapore, and other major financial centres.