[ET Net News Agency, 09 November 2023] FOLANGSI (02499) will be listed tomorrow (10th).
It is currently at HK$14.52 on Phillip's grey market, 1.7% higher than the IPO price of
HK$14.28. Based on 200 shares per lot, excluding handling fees, the book value gain per
lot is HK$48. It is currently at HK$15.2 on Bright Smart's grey market, 6.4% higher than
the IPO price. The book value gain per lot is HK$184.
The public offering of the stock was oversubscribed by 6.8 times. The winning rate of
one lot was 20%. One lot was distributed for subscription of 9 lots. The price is based on
the close to the lower limit level of the offer price ranging from HK$14.18 to HK$16.18.
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