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08/11/2022 18:35

{New Stock}MANY IDEA CLOUD ends up 42.86% on grey market

[ET Net News Agency, 08 November 2022] MANY IDEA CLOUD (06696) will be listed tomorrow
(9th). It is closed at HK$2.8 on Phillip's grey market, 42.86% higher than the IPO price
of HK$1.96. Based on 2,000 shares per lot, excluding handling fees, the book value gain
per lot is HK$1,680. It is currently at HK$2.73 on Bright Smart's grey market, 39.29%
higher than the IPO price. The book value gain per lot is HK$1,540.
The public offering of the stock was oversubscribed by 1.81 times. The winning rate of
one lot was 50.77%. One lot was distributed for subscription of 2 lots. The price is based
on the close to the lower limit level of the offer price ranging from HK$1.88 to HK$2.38.

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