Linglong goes public in Hong Kong

Shandong Linglong Tire has filed an application to list H-shares on the Hong Kong Stock Exchange, with the proceeds expected to be invested in expanding production, research and development, marketing initiatives, and more. The company does not specify the exact amount it expects to raise from the IPO.

A significant portion of the funds will be allocated to increasing production capacity, and Linglong also plans to upgrade its factories, strengthen its position in the international market, and meet growing demand. Part of the investment will go towards the construction of the first phase of a new plant in Brazil, which has a planned production capacity of 6 million passenger and light truck tires.

Plans to launch production in Brazil were announced in April 2025, with the total capacity of the enterprise expected to be 14.7 million tires per year. In addition, as part of the modernization of existing factories, new logistics equipment and automated systems for warehouses will be purchased, and digital technologies will be introduced in production.

Linglong adds that it intends to invest in the development of new products and implement major projects aimed at creating high-quality tires with an increased level of environmental friendliness, for which it plans to hire around 200 new R&D specialists over the next five years.

As part of its marketing strategy, Linglong will enhance the value of its brand, including through support for international sports events and football clubs, expansion of the network of authorized retail stores. The sales and marketing department is expected to increase by 200 people over five years.

It is also reported that the allocation of investments will be determined based on market conditions and Linglong's strategic priorities and may be adjusted depending on the final amount of funds raised.