The Economic Information Daily (10th) reported that登臨科技-P (09917) opened at HK$229 on its first trading day, 0.9% lower than its offering price of HK$231. Based on a board lot of 25 shares, each lot incurred a loss of HK$50, excluding transaction fees.
登臨科技 announced that the final offering price was set at HK$231 per share, at the bottom of the initial price range of HK$231.0 to HK$288.0. The Hong Kong public offering received approximately 3,809 applications, representing an oversubscription of about 1.11 times. All 2,617 applicants who applied for one lot (25 shares) were fully allocated shares, achieving a 100% allocation rate. The company was listed on the Hong Kong Stock Exchange at 9:00 a.m. today. In the pre-market trading on Hin Ping, shares closed at HK$221.2, down 4.2% from the offering price, resulting in a paper loss of HK$245 per lot.
One applicant applied for the maximum allowable 'top-tier' application of 30,000 shares and was fully allocated all 30,000 shares, achieving a 100% allocation rate. The Hong Kong public offering maintained its allocation at 5% of the total offering size, while the international offering was oversubscribed by 0.34 times. The group raised approximately HK$1.414 billion from the offering. Given the high concentration of equity among a small number of shareholders, prices may experience significant volatility even with small trading volumes. (hc)
登臨科技 announced that the final offering price was set at HK$231 per share, at the bottom of the initial price range of HK$231.0 to HK$288.0. The Hong Kong public offering received approximately 3,809 applications, representing an oversubscription of about 1.11 times. All 2,617 applicants who applied for one lot (25 shares) were fully allocated shares, achieving a 100% allocation rate. The company was listed on the Hong Kong Stock Exchange at 9:00 a.m. today. In the pre-market trading on Hin Ping, shares closed at HK$221.2, down 4.2% from the offering price, resulting in a paper loss of HK$245 per lot.
One applicant applied for the maximum allowable 'top-tier' application of 30,000 shares and was fully allocated all 30,000 shares, achieving a 100% allocation rate. The Hong Kong public offering maintained its allocation at 5% of the total offering size, while the international offering was oversubscribed by 0.34 times. The group raised approximately HK$1.414 billion from the offering. Given the high concentration of equity among a small number of shareholders, prices may experience significant volatility even with small trading volumes. (hc)
