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<IPO>CATL (03750.HK) To Close IPO This Afternoon w/ Margin Oversubscription 114x+
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The IPO period for CATL (03750.HK) will close at noon today (15th). As of about 9:00 am this morning, margin received by CATL's IPO from a number of brokers increased to $268.18 billion, representing an expansion of margin oversubscription to nearly 114.3 times based on the public offering portion raising $2.325 billion, according to the consolidated market data. CATL will offer nearly 118 million H shares globally, with the Hong Kong public offering accounting for 7.5%. Foreign media quoted sources as saying that CATL will set its IPO maximum offer price at $263 per share, raising around $31 billion. The IPO results are expected to be announced next Monday (19th), with the stock set to debut on next Tuesday (20th). AAStocks Financial News Website: www.aastocks.com |
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