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<IPO>YUNJI (02670.HK) Margin Oversubscription ~624x Temporarily
Recommend 30 Positive 51 Negative 22 |
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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. 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 Website: www.aastocks.com |
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