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Mao Geping IPO: A $60B+ Subscription Frenzy
IPO Details:
The subscription period for the IPO ran from December 2 to December 5, 2024, with shares allocated in lots of 100. The indicative price range was set between HKD 26.30 and HKD 29.80 per share.
Premium Beauty Brand MAO GEPING Subscription Amt 60B+, Ranking 4th in 2024 IPO Subscriptions
The cosmetics company in Mainland China, MAO GEPING (01318.HK), intends to raise US$270 million at the upper limit of the offer price range, Reuters reported, citing people with the knowledge of the matter.
MAO GEPING plans to issue more than 70.58 million H shares, of which 10% will be offered in Hong Kong, with an offer price ranging from $26.3 to $29.
The entry fee of each board lot (100 shares) is about $3,010. The public offering will close at noon today (5th), and the company plans to have its shares listed and traded starting next Tuesday (10th).
Futu Securities International (Hong Kong) said that the IPO of MAO GEPING (01318.HK) in Hong Kong has been overwhelmingly received, with a total subscription amount of $90.5 billion recorded on Futu’s platform, which was the highest in the history of IPO on the platform.
Futu Securities said that the record high subscription amount for MAO GEPING reflected the renewed enthusiasm of investors for popular IPOs.
According to market news, brokers lent margin of $147.7 billion, representing an oversubscription of more than 702 times, surpassing CR BEVERAGE (02460.HK) -0.360 (-2.871%) to become this year’s “King of Frozen Capital”.
MAO GEPING (01318.HK) launched its IPO on December 2, and its subscription amount reached $63.168 billion as of noon today. The company currently ranks fourth in this year’s IPO subscriptions, trailing behind CR BEVERAGE (02460.HK) -0.360 (-2.871%) with $99.229 billion, CAROTE LTD (02549.HK) -0.040 (-0.735%) with $79.891 billion, and APT ELECTRONICS (02551.HK) -0.070 (-1.877%) with $63.896 billion.
The subscription period for the IPO ran from December 2 to December 5, 2024, with shares allocated in lots of 100. The indicative price range was set between HKD 26.30 and HKD 29.80 per share.
Premium Beauty Brand MAO GEPING Subscription Amt 60B+, Ranking 4th in 2024 IPO Subscriptions
The cosmetics company in Mainland China, MAO GEPING (01318.HK), intends to raise US$270 million at the upper limit of the offer price range, Reuters reported, citing people with the knowledge of the matter.
MAO GEPING plans to issue more than 70.58 million H shares, of which 10% will be offered in Hong Kong, with an offer price ranging from $26.3 to $29.
The entry fee of each board lot (100 shares) is about $3,010. The public offering will close at noon today (5th), and the company plans to have its shares listed and traded starting next Tuesday (10th).
Futu Securities International (Hong Kong) said that the IPO of MAO GEPING (01318.HK) in Hong Kong has been overwhelmingly received, with a total subscription amount of $90.5 billion recorded on Futu’s platform, which was the highest in the history of IPO on the platform.
Futu Securities said that the record high subscription amount for MAO GEPING reflected the renewed enthusiasm of investors for popular IPOs.
According to market news, brokers lent margin of $147.7 billion, representing an oversubscription of more than 702 times, surpassing CR BEVERAGE (02460.HK) -0.360 (-2.871%) to become this year’s “King of Frozen Capital”.
MAO GEPING (01318.HK) launched its IPO on December 2, and its subscription amount reached $63.168 billion as of noon today. The company currently ranks fourth in this year’s IPO subscriptions, trailing behind CR BEVERAGE (02460.HK) -0.360 (-2.871%) with $99.229 billion, CAROTE LTD (02549.HK) -0.040 (-0.735%) with $79.891 billion, and APT ELECTRONICS (02551.HK) -0.070 (-1.877%) with $63.896 billion.
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