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<IPO>AI Printed Circuit Board Maker VGT (02476.HK) Starts IPO Tdy w/ Entry Fee $21,199.67, Expected Fundraising Amt of $17.29B
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Chinese manufacturer in advanced printed circuit board (PCB) products for AI and high-performance computing, VGT (02476.HK), starts its IPO today (13th) through 16 April. The Company plans to issue 83.348 million H-shares, with 10% for the Hong Kong public offering. The offer price will not exceed $209.88 per share, raising up to approx. $17.49 billion. The entry fee for a board lot of 100 shares is $21,199.67. The shares are expected to be listed on 21 April. JPMorgan, China Securities International and GF Securities are its joint sponsors. VICTORY GIANT TECHNOLOGY (300476.SZ), which is already listed on the A-share market, introduced multiple cornerstone investors for its H-share IPO, including CPE Rosewood, Janchor Fund, Yunfeng Capital's New Alternative and New Golden Future Limited, Deliante under Tsai Eng-meng (Chairman of WANT WANT CHINA (00151.HK)), HANS CNC (03200.HK)'s Hong Kong Mason, TANWAN (09890.HK), HK Greenwoods, Cloudview, Ye Guofu (Chairman of MNSO (09896.HK)), Jump Trading, LWSOF and Black Dragon, with total subscriptions of nearly US$997 million. The H-share listing is expected to raise net proceeds of $17.29 billion. Regarding the use of net proceeds, 74% will be allocated to expanding production in mainland China, including the purchase of smart manufacturing equipment and the further automation of manufacturing processes, etc.. Auto-translated by AI AASTOCKS Financial News |
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