《Economic Information Daily, 29th》Jingwang Electronics (03228) made its debut today, opening at HK$65, down 7% from the offer price of HK$69.88. Based on 100 shares per lot, excluding transaction fees, each lot incurred a loss of HK$488.
Jingwang Electronics' final offering price was HK$69.88 per H-share. The Hong Kong public offering received applications from approximately 61,000 people, oversubscribed by about 93.25 times. Among the 23,200 applicants who applied for one lot of 100 H-shares, only 697 were allocated shares, representing an allocation rate of 3%. Applicants needed to subscribe for 60 lots to be guaranteed one lot. The group was listed at 9 a.m. today. Hin Pin's dark pool closed at HK$65.45, down 6.3% from the offer price, resulting in a paper loss of HK$443 per lot.
The 'top-tier' applications involved 3,647,200 shares, with 15 applicants, each receiving 24,000 shares, and among them, 12 received an additional 100 shares, representing an allocation rate of 0.66%. The Hong Kong public offering maintained 10% of the total offering shares, while the international offering was oversubscribed by 9.57 times. The group raised approximately HK$5.097 billion from the offering. Given the high concentration of equity among a small number of shareholders, even a small volume of H-share trading could lead to significant price fluctuations. (hc)
Jingwang Electronics' final offering price was HK$69.88 per H-share. The Hong Kong public offering received applications from approximately 61,000 people, oversubscribed by about 93.25 times. Among the 23,200 applicants who applied for one lot of 100 H-shares, only 697 were allocated shares, representing an allocation rate of 3%. Applicants needed to subscribe for 60 lots to be guaranteed one lot. The group was listed at 9 a.m. today. Hin Pin's dark pool closed at HK$65.45, down 6.3% from the offer price, resulting in a paper loss of HK$443 per lot.
The 'top-tier' applications involved 3,647,200 shares, with 15 applicants, each receiving 24,000 shares, and among them, 12 received an additional 100 shares, representing an allocation rate of 0.66%. The Hong Kong public offering maintained 10% of the total offering shares, while the international offering was oversubscribed by 9.57 times. The group raised approximately HK$5.097 billion from the offering. Given the high concentration of equity among a small number of shareholders, even a small volume of H-share trading could lead to significant price fluctuations. (hc)
