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<IPO>YUNJI (02670.HK) Margin Oversubscription ~624x Temporarily
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YUNJI (02670.HK), a specialist technology IPO, commenced its Hong Kong IPO yesterday (8th).

As of approx. 9:00 am today (9th), YUNJI had already received a margin of approx. $20.6 billion from several brokers, according to market data. Based on its public offering portion of $32.982 million, the margin oversubscription was nearly 623.7 times.

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YUNJI did not introduce any cornerstone investors for its IPO, but it had previously received investments from investors including Lenovo Foundation, BABA-W (09988.HK), TENCENT (00700.HK), Qiming Venture Partners and TRIP.COM-S (09961.HK) in its prior financing rounds.
AAStocks Financial News
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