Kirkland Advises Dajin on its Hong Kong IPO

Kirkland & Ellis advised Dajin Heavy Industry Co., Ltd. (Dajin, SZ: 002487, HKEX: 1081) on its global offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited on June 5, 2026. The joint sponsors are Huatai Financial Holdings (Hong Kong) Limited and China Merchants Securities (HK) Co., Limited.

Dajin successfully raised approximately HK$6.64billion by offering 100,010,600 H Shares at a price of HK$66.40 per H Share, prior to the exercise of the over-allotment option, with the Hong Kong public offering tranche oversubscribed by 134.39 times and international offering tranche oversubscribed by 10.68 times. The offering also attracted significant interest from a prestigious group of 12 cornerstone investors, including GIC, Hillhouse, CPE, UBS, Taikang Life, etc.

Dajin is a globally leading provider of core offshore wind power equipment and the largest offshore wind foundation provider in Europe in terms of sales value of monopiles in the first half of 2025, with our market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025, according to Frost & Sullivan.