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MIXUE GROUP's Receipt of $1.82T Margin Subscription Arouses SFC Concern: Report
MIXUE GROUP (02097.HK) recently earned the title of "capital-frozen king" after capturing HKD1.82 trillion in margin subscriptions, resulting in an oversubscription rate ...
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MIXUE GROUP's Receipt of $1.82T Margin Subscription Arouses SFC Concern: Report
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MIXUE GROUP (02097.HK)  +4.000 (+0.857%)   recently earned the title of "capital-frozen king" after capturing HKD1.82 trillion in margin subscriptions, resulting in an oversubscription rate of 5,257 times. This surge was largely driven by some brokers offering leverage exceeding 100 times.

According to a report by HK01, the Securities and Futures Commission (SFC) in Hong Kong has expressed concern over the massive oversubscription of MIXUE GROUP’s IPO and has initiated inquiries among brokers.

Certain brokers exploited loopholes in the new FINI (Fast Interface for New Issuance) system to inflate IPO subscription bubbles, the report said, citing sources from the brokerage sector. The SFC aims to address issues arising from the new system but is cautious about dampening the market enthusiasm for IPO subscriptions.

MIXUE GROUP sustained its upward trajectory. Today (10th), the stock opened 3.21% higher, peaking at HKD384.6. It last printed at HKD378.8, up 6.7%, with 1.297 million shares traded and a turnover of HKD489 million.
(HK stocks quote is delayed for at least 15 mins.)

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