Howkingtech International Holding Limited makes its initial public offering on the main board of the Hong Kong Stock Exchange on Dec 12. [Photo/WeChat account: huzhoufabu]

Howkingtech International Holding Limited made its initial public offering on the main board of the Hong Kong Stock Exchange on Dec 12, becoming the fifth company from Huzhou, East China's Zhejiang province to be listed this year.

The company raised HK$98.28 million ($12.6 million) after issuing 36 million shares each priced at HK$2.72 yuan.

Founded in January 2012, Howkingtech is a provider for data transmission and processing services for Internet of Things applications and telecommunication equipment in China. Since 2019, the company has completed 98 IoT-related projects.

The company's listing has brought the number of listed companies in Huzhou to 49.

The steady increase in the number of listed companies in Huzhou can be attributed to the city's efforts in implementing the "Phoenix Action" plan, an initiative launched by Zhejiang to provide support to enterprises seeking to go public.