Company Name: Ridge Outdoor International Limited

Date of Prospectus: January 31, 2026

Ridge Outdoor International Limited IPO: Investor Guide, Offer Details, and Market Outlook

IPO Snapshot

Ridge Outdoor International Limited launches its IPO on the Hong Kong Stock Exchange, offering investors an opportunity to participate in the growth of a leading outdoor products company. The IPO is structured as a Global Offering and features a clear breakdown between Hong Kong Public and International tranches.

• IPO Symbol: 2720
• Offer Price Range: HK\$11.25 to HK\$12.25 per share
• Maximum Offer Price: HK\$12.25 per share
• Total Offer Size: 28,205,000 shares
• Hong Kong Offer Shares: 2,820,500 shares (subject to reallocation)
• International Offer Shares: 25,384,500 shares (subject to reallocation)
• Nominal Value: US\$0.0005 per share
• Stock Code: 2720
• Shares Offered in Board Lots: 500 shares each
• Listing Date: February 10, 2026

Placement Breakdown: The offer is divided between Hong Kong Public Offering (10% of total) and International Offering (90%). In certain scenarios, up to 1,410,000 shares may be reallocated to the Hong Kong Public Offering, increasing it to 4,230,500 shares (approx. 15%).
Application Window: January 31, 2026 (9:00 a.m.) to February 5, 2026 (12:00 noon), Hong Kong time [[6]].

Use of Proceeds: Growth-Driven Narrative

The prospectus does not provide a detailed breakdown of the use of proceeds by category or amount. However, the structure and language emphasize expansion and growth, with no mention of debt repayment, which suggests a growth-driven story [[2]].

Oversubscription Metrics

The document outlines that if the Hong Kong Public Offering is oversubscribed, up to 1,410,000 shares may be reallocated from the International Offering. In such cases, the final offer price will be fixed at the lower end of the range (HK\$11.25). This mechanism is triggered if the Hong Kong Public Offering is fully subscribed or oversubscribed, indicating responsive allocation to demand [[5]].

Dividend Policy and Timetable

No details regarding dividend policy, payout ratio, or timetable are disclosed in the prospectus.

Placement and Issuance Breakdown

• Hong Kong Public Offering: 2,820,500 shares (10%)
• International Offering: 25,384,500 shares (90%)
• Reallocation Mechanism: Up to 1,410,000 shares may be moved to Hong Kong Public Offering if oversubscribed, increasing the total to 4,230,500 shares (15%) [[5]]

Investor Participation and Book Quality

Specific institutional or anchor investors, tranche allocations, and subscription levels are not disclosed in the prospectus. However, the structure allows for flexible allocation based on demand, and the presence of a Sole Overall Coordinator with discretion to adjust allocations suggests robust book management [[5]].

Deal Parties and Structure

• Sole Sponsor, Sole Overall Coordinator, Sole Global Coordinator: (Names not listed in the excerpt)
• Joint Bookrunners and Joint Lead Managers: (Names not listed in the excerpt)
• Underwriting: The Sole Overall Coordinator (for itself and on behalf of other Underwriters) has the right to terminate obligations before 8:00 a.m. on Listing Date if certain events occur [[2]].

Stabilization/Over-allotment: Details regarding greenshoe or stabilization mechanisms are not disclosed.

The structure of underwriting and coordination, along with a responsive allocation system, suggests potential support for listing-day performance, as the coordinators can actively manage subscriptions and allocations [[2]].

Company Overview: Business Model and Market Position

Ridge Outdoor International Limited is incorporated in the Cayman Islands and operates within the outdoor products sector. The company’s main business model, revenue streams, and customer segments are not described in detail in the prospectus. The geographic focus is Hong Kong, with offer shares not available to persons outside Hong Kong or non-residents [[2]].

Key Products/Services: Not disclosed.
Monetization: Not disclosed.
Industry/Sector Definition: Outdoor products; size and ranking not quantified.

Management Team:

• Lei Yang – Executive Director
• Wu Guihua – Executive Director
• Yang Baoqing – Non-executive Director
• Wen Meixia – Non-executive Director
• Ding Feng – Independent Non-executive Director
• Han Hongling – Independent Non-executive Director
• Shu Yuanchao – Independent Non-executive Director

Financial Health: No financial figures (revenue, profit, margins, cash flow, debt levels) are disclosed in this prospectus excerpt.

Market Position: Not quantified in the prospectus.

Trends, Timing, and Market Environment

Sector Trends: Not discussed.
Regional/Global Trends: Not discussed.
Historical Demand Drivers: Not described.
Seasonality: Not disclosed.

Timing of IPO:

• Hong Kong Public Offering opens: 9:00 a.m., January 31, 2026
• Application closes: 12:00 noon, February 5, 2026
• Listing Date: February 10, 2026

No specific recent company or sector developments are disclosed in the prospectus.

Based solely on the offering structure and listing timeline, the IPO timing appears well-aligned with the Hong Kong market calendar, and the electronic-only application process indicates modern, streamlined access for investors [[3]].

Risk Factors

Key risks identified include:

• Legal and Regulatory Risks: The offer is not available in the United States or other jurisdictions due to securities law constraints [[1]].
• Application Risks: Only specific numbers of shares can be applied for; incorrect applications will be rejected [[4]].
• Termination Rights: The Sole Overall Coordinator can terminate obligations before listing if certain events occur [[2]].
• Settlement Risks: Trading and settlement are subject to CCASS rules and any disruptions may affect investor rights [[8]].

Quantified exposures are not provided.

Growth Strategy

The prospectus highlights a growth-driven IPO with an emphasis on expansion. Specific plans for new products, M&A, capacity additions, capex, or market entries are not disclosed.

Ownership and Lock-ups

Details regarding pre- and post-IPO shareholding structure, promoter holdings, lock-in periods, or ESOPs are not disclosed.

Valuation and Peer Comparison

No peer companies or valuation metrics (P/E, P/B, EV/EBITDA, revenue growth, net margin, ROE, ROA, dividend yield) are disclosed in the prospectus. No other IPOs or sector performance data during the same period are mentioned.

Research & Opinions

No covering analysts, institutions, or price targets are included in the prospectus.

IPO Allotment Result

The prospectus states that results of allocations and identification document numbers of successful applicants will be published by 11:00 p.m. on February 9, 2026. Channels include the company website, Stock Exchange website, designated results site, and a telephone enquiry line [[7]][[9]]. No subscription breakdowns or implications are provided.

Listing Outlook

Based solely on disclosed factors:

• IPO appears worth subscribing for investors seeking exposure to an outdoor sector company with modern application channels and responsive allocation.
• Likely first-day trading range: The offer price will be fixed at the lower end (HK\$11.25) if the Hong Kong Public Offering is oversubscribed. This, combined with reallocation flexibility, suggests a potential for strong first-day performance if retail demand is high [[5]].
• Listing strength: Supported by active book management and a well-defined allocation process. Investors should monitor allocation announcements for demand signals.

Prospectus Access

The prospectus and IPO details are available at the following websites (plain text):

• www.ridgeoutdoor.com
• www.hkexnews.hk

How to Apply for Ridge Outdoor International IPO

Application Channels:

• HK eIPO White Form service: www.hkeipo.hk (for investors seeking physical share certificates)
• HKSCC EIPO channel: Through your broker or custodian who is a HKSCC Participant; shares allotted in the name of HKSCC Nominees and credited to your designated stock account [[8]].

Application Steps:

• Minimum application: 500 shares
• Applications must be made online; no physical channels available
• Application window: January 31, 2026 (9:00 a.m.) to February 5, 2026 (12:00 noon), Hong Kong time

Allotment and Refunds: Results published by February 9, 2026; share certificates/CCASS deposits by February 9; refunds for unsuccessful applications or price adjustments issued by February 10, 2026 [[7]].