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<IPO> Huaqin Technology (03296.HK) IPO Oversubscribed 530.33x; Subscription of 70,000 Shares Secures One Board Lot
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Huaqin Technology (03296.HK) announced its IPO results. The Hong Kong public offering was oversubscribed by 531.33x. The allotment rate for one board lot (100 shares) is 12%, and a subscription of 70,000 shares will secure one board lot. The international offering was oversubscribed by 13.34x. The final offer price was set at HKD77.7, the top of the price range, with net proceeds of HKD4.463 billion. The shares are expected to be listed on Thursday (23rd). Huaqin Technology, a full-stack intelligent product ODM platform, offered a total of 58.5482 million shares globally, with the public offering accounting for 10%. The maximum offer price was HKD77.7. A total of 18 cornerstone investors, including JPMAMAPL, UBS AM Singapore, Cloud Map, Taikang Life Insurance, 3W Fund, Everbright Wealth Management, Ivy Capital, Aurora SF, Kingboard Investments, Green Better under XIAOMI (01810.HK), and Hongxing International under Shenghong Technology (02476.HK), subscribed for an aggregate of 29.2501 million shares, representing 49.96% of the total offering. The last day of the lock-up undertaking is October 22, 2026. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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