HONG KONG, April 29 (Economic Information Daily) — Four new stocks made their debut today, with Benmo Technology (06731) being the only one to open higher. It opened at HK$22.48, up 4.1% from its offer price of HK$21.60. Based on a trading unit of 100 shares, investors made an immediate profit of HK$88 per lot, excluding transaction fees.
Benmo Technology announced its final offering price at HK$21.60 per H-share. The Hong Kong public offering received approximately 44,000 applications, representing an oversubscription of about 207.56 times. Among the 15,000 applicants who applied for one lot of 100 H-shares, 9,226 were allocated shares, resulting in an allocation rate of 60%. Investors subscribing for six lots were guaranteed one allotment. The company was listed this morning. In the pre-market session at Hin Loong, shares closed at HK$22.34, up 3.4% from the offer price, generating a paper profit of HK$74 per lot.
A total of 52 applicants applied for the 'top-tier' share lots involving 1.25 million shares, with each receiving 19,300 shares, resulting in an allocation rate of 1.54%. Due to the clawback mechanism being triggered, 7.5 million shares were reallocated from the international offering, increasing the Hong Kong public offering to 10 million shares, raising its proportion of the total offering to 20%. Meanwhile, the international offering was oversubscribed by 1.72 times. The company raised approximately HK$1.08 billion through the offering. Given the high concentration of equity among a small number of shareholders, the price of H-shares may experience significant volatility even with minimal trading volume. (hc)
Benmo Technology announced its final offering price at HK$21.60 per H-share. The Hong Kong public offering received approximately 44,000 applications, representing an oversubscription of about 207.56 times. Among the 15,000 applicants who applied for one lot of 100 H-shares, 9,226 were allocated shares, resulting in an allocation rate of 60%. Investors subscribing for six lots were guaranteed one allotment. The company was listed this morning. In the pre-market session at Hin Loong, shares closed at HK$22.34, up 3.4% from the offer price, generating a paper profit of HK$74 per lot.
A total of 52 applicants applied for the 'top-tier' share lots involving 1.25 million shares, with each receiving 19,300 shares, resulting in an allocation rate of 1.54%. Due to the clawback mechanism being triggered, 7.5 million shares were reallocated from the international offering, increasing the Hong Kong public offering to 10 million shares, raising its proportion of the total offering to 20%. Meanwhile, the international offering was oversubscribed by 1.72 times. The company raised approximately HK$1.08 billion through the offering. Given the high concentration of equity among a small number of shareholders, the price of H-shares may experience significant volatility even with minimal trading volume. (hc)
