March 6, 2013, Termbray Petro-King Oilfield Services Limited successfully launched its initial public offering (IPO) for a Hong Kong Stock Exchange main board listing under the stock code of 02178. The company offered 250 million shares oversubscribed nearly 33 times, raising approximately HKD 820 million in total. The first-day price was up approximately  27% and ranked  the second highest rise among the year-to-date stocks listed in Hong Kong.

Termbray Petro-King is primarily engaged in providing oilfield services, consulting, manufacturing and selling tools and equipment. It is the leading independent high-end oilfield services provider and one of the few oilfield services providers capable of offering high-end comprehensive oilfield technologies and services in China.

Jingtian & Gongcheng acted as the underwriter's lawyer.