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Story summary
- Cheng Chi-heng and Peter Lee each invested as cornerstone investors in Shenzhen Forms Syntron Information’s HK$940 million IPO.
- Cheng purchased HK$40 million and Lee HK$39.6 million, joining Thalassa Capital and Yeebo International.
- Younger Hong Kong tycoons are boosting IPO activity through family offices and private investments.
- Peter Lee’s private vehicle was a cornerstone investor in XtalPi’s 2024 IPO, the first specialist tech firm listed under Chapter 18C.