Ridge Outdoor International Limited (Stock code: 2720.HK) has launched its Hong Kong IPO, with the offering period from January 31 to February 5, 2026. The company plans to issue 28,205,000 shares globally, with 2,820,500 shares allocated to the Hong Kong public offering and 25,384,500 shares to the international offering. The price per share will range from HKD 11.25 to HKD 12.25, with a minimum board lot of 500 shares, resulting in an entry fee of approximately HKD 6,186.78. The shares are expected to start trading on the Hong Kong Stock Exchange on February 10, 2026, with CICC as the sole sponsor.

Ridge Outdoor: The World’s Largest Fishing Gear Manufacturer

Offering Ratio: Approximately 10% (2,820,500 shares) to the Hong Kong public offering and 90% (25,384,500 shares) to the international placing.

Price Range: HKD 11.25 to HKD 12.25 per share; minimum board lot of 500 shares; entry fee of approximately HKD 6,186.78.

Offering Period: January 31 to February 5, 2026 (with the expected pricing date on February 6, 2026).

Listing Date: February 10, 2026.

IPO Sponsor: China International Capital Corporation (CICC).

Company Overview

Ridge Outdoor focuses on the design, development, manufacturing, and sales of fishing gear, operating both OEM/ODM and OBM business models. Its product range includes beds, chairs, bags, tents, and accessories suitable for various fishing scenarios. According to Frost & Sullivan, based on 2024 revenue, Ridge Outdoor is the world's largest manufacturer of fishing gear, with a market share of approximately 23.1%. It is also the largest fishing gear manufacturer in China, with a market share of around 28.4%. The company’s clients include renowned global outdoor brands such as Decathlon, Rapala VMC, and Pure Fishing, with its products sold in over 40 countries.

Financial Information

According to the prospectus, Ridge Outdoor's revenue for 2022–2024 was approximately RMB 818.4 million, RMB 463.3 million, and RMB 573.5 million, respectively, with net profits of approximately RMB 113.9 million, RMB 49.0 million, and RMB 59.4 million for the same period. As of the eight months ending August 31, 2025, the company reported revenue of RMB 460.3 million and net profit of RMB 56.2 million. Based on a mid-price of HKD 11.75 per share, the company expects to raise a net amount of approximately HKD 271.8 million. The proceeds will be used for brand development and promotion (45%), product design and the establishment of a global fishing gear innovation center (25%), upgrading production facilities and enhancing digital capabilities (20%), and working capital and general corporate purposes (10%).

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This promotion is effective from 5 December 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

How to Subscribe for Ridge Outdoor via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to public offerings. After logging into the app, tap "Trade" at the bottom-right, go to "IPO Subscription," select Ridge Outdoor, tap "Public Offer," enter your subscription quantity, and submit your order.

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