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<IPO>WOER Opens $1 Cent Higher at $20.1 on Debut
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WOER (09981.HK), a manufacturer of heat-shrinkable materials and telecoms cables, debuted this morning (13th). The stock opened $1 cent or 0.04% higher at $20.1, and peaked at $21.8 in the early session. It last printed at $21.2, 5.5% higher than the offer price of $20.09, with a trading volume of 16.5521 million shares, involving $352 million. The Hong Kong public offering recorded a subscription of 569.58 times, with a one-lot (200 shares) success rate of 0.33%, and the subscription of 70,000 shares will guarantee a lot. The international offering was 8.19 times subscribed. The final offer price stood at the upper limit of $20.09, raising net proceeds of $2.734 billion. China Securities International and CMSI are its joint sponsors. AASTOCKS Financial News Website: www.aastocks.com |
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