ETN News Agency reported on the 12th that Hongxin Yu (02681) made its debut today, opening at HK$72.80, down less than 0.1% compared to its issue price of HK$72.83. Based on a trading unit of 100 shares, excluding transaction fees, each lot incurred a loss of HK$3.
Hongxin Yu announced that the final offering price for each H-share was set at HK$72.83, pricing near the lower end of the initial range of HK$72.29 to HK$82.90. The Hong Kong public offering received approximately 4,625 applications, representing an oversubscription of about 1.37 times. Among the 3,008 applicants who applied for one lot of 100 H-shares, all were allocated shares, resulting in a 100% allocation rate. The group was listed on the stock exchange at 9:00 a.m. today. The Hin Ling dark market closed at HK$72.25, down 0.8% from the issue price, resulting in a paper loss of HK$58 per lot.
Two applicants applied for the 'top-tier application' involving 100,000 shares each, and both were fully allocated with a 100% allocation rate. The Hong Kong public offering maintained 10% of the total offering shares, while the international offering was oversubscribed by 0.45 times. The group raised approximately HK$1.072 billion from the offering. Due to the highly concentrated shareholding among a small number of shareholders, even a small volume of H-share trading could lead to significant price fluctuations.
Hongxin Yu announced that the final offering price for each H-share was set at HK$72.83, pricing near the lower end of the initial range of HK$72.29 to HK$82.90. The Hong Kong public offering received approximately 4,625 applications, representing an oversubscription of about 1.37 times. Among the 3,008 applicants who applied for one lot of 100 H-shares, all were allocated shares, resulting in a 100% allocation rate. The group was listed on the stock exchange at 9:00 a.m. today. The Hin Ling dark market closed at HK$72.25, down 0.8% from the issue price, resulting in a paper loss of HK$58 per lot.
Two applicants applied for the 'top-tier application' involving 100,000 shares each, and both were fully allocated with a 100% allocation rate. The Hong Kong public offering maintained 10% of the total offering shares, while the international offering was oversubscribed by 0.45 times. The group raised approximately HK$1.072 billion from the offering. Due to the highly concentrated shareholding among a small number of shareholders, even a small volume of H-share trading could lead to significant price fluctuations.
