Pre-commercial companies
Understand the new listing regime for Specialist Technology Companies
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16/08/2023
Pre-commercial companies
Companies applying to list under the Specialist Technology Companies listing regime may include pre-commercial companies, being companies that cannot meet the minimum revenue requirement for commercial companies at the time of listing, i.e. HK$250 million for the most recent audited financial year (Commercialisation Revenue Threshold). They are primarily engaged in R&D and may have yet to commercialise their specialist technology products or services. Compared to commercial companies, the investment risks of pre-commercial companies are relatively high.
A stock marker (the suffix “P”) will be added to the stock short name of a pre-commercial company for easy identification.