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<IPO> SHENGHONG TECHNOLOGY (02476.HK) IPO 430.15x Oversubscribed; Lot Allocation Secured with 20,000 Shares
Recommend 15 Positive 22 Negative 17 |
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SHENGHONG TECHNOLOGY (02476.HK) announced its IPO results. The Hong Kong public offering was oversubscribed by 431.15x. The allotment rate for one board lot (100 shares) was 0.71%, and subscribers applying for 20,000 shares were guaranteed one board lot. The international offering was oversubscribed by 18.5x. The offer price was set at HKD209.88, the top end of the range, with net proceeds of nearly HKD19.9 billion. The shares are expected to debut on Tuesday (21st). Shenghong Technology, a mainland China manufacturer of AI and high-performance computing printed circuit boards, proposed to globally offer 83.348 million shares, with the Hong Kong public offering initially accounting for 10%. The maximum offer price was HKD209.88. A total of 39 cornerstone investors, including CPE Rosewood, Janchor Fund, Deliante, Sunshine Life, Tanwan (09890.HK), Qidian Asset, Everbright Wealth Management and Panjing Fund, subscribed for an aggregate of 37.2201 million shares, representing 38.83% of the total offering. The last day of the lock-up undertaking is October 20, 2026. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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