China’s Sigenergy has announced an initial public offering (IPO) in Hong Kong, with its shares open to retail investors until April 13 and backed by major international asset managers.
Sigenergy has announced plans to list on the Hong Kong Stock Exchange and offer more than 13.5 million shares to investors.
The Chinese PV company said it will price the shares at HKD324.20 ($41.40) each, with the private subscription period open until April 13 at noon. Investors must subscribe to at least 100 shares. Trading is expected to begin on April 16.
The company said 10% of the offering has been allocated to retail investors in Hong Kong, while 90% has been reserved for international investors. Sigenergy has received commitments from 19 cornerstone investors, including UBS Asset Management, Goldman Sachs Asset Management, BNP Paribas Asset Management and AXA.
Proceeds from the IPO will be used for research and development, expansion of global sales channels, international brand building and general corporate purposes.
Sigmargy reported strong recent growth. Revenue reached CNY 9 billion in 2025, compared to CNY 58 million in 2023. The company said gross margin increased from 31.3% to 50.1% in the same period, while adjusted net margin reached 35.9% in 2025.
The flagship product, SigenStor, is a five-in-one integrated PV, storage and charging system. The company said it includes artificial intelligence features and is available in residential, commercial, industrial and utility-scale segments.
Sigenergy said it has a presence in key international markets including Australia, Ireland and South Africa, and has built a distribution network covering 85 countries, supported by partnerships with 172 wholesalers.
Production is located at three locations in China. At the end of 2025, the company reported an annual production capacity of 360,000 inverters and a battery storage production capacity of 5.6 GWh.
In March, Sigenergy opened a new production and research center in Nantong and introduced the ‘AI in All’ strategy in addition to new products.
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