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<IPO>SIGENERGY (06656.HK) Initially Oversubscribed by 1,103x w/ 200K Retail Investors Applying: Wire
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Distributed energy storage system (DESS) solution provider, SIGENERGY (06656.HK), closed its IPO subscription at noon today (13th). Sources said that the public offering was initially oversubscribed by 1,103 times, involving approx. $490.7 billion, with 200,000 retail investors applying for subscription.

The Company offered 13.5739 million H-shares, of which 10% are allocated to the Hong Kong public offering. The offer price is $324.2 per share, while the entry fee for a board lot size of 100 shares is $32,746.96.

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The shares are expected to commence trading this Thursday (16th). CITIC Securities and BNP Paribas are its joint sponsors.

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