The Economic Information Daily News (12th) reported that Yiwei Technology (02065) made its debut today, opening at HK$13.62, 37.6% higher than the offering price of HK$9.9. Based on 500 shares per lot, excluding fees, each lot made a profit of HK$1,860.
Yiwei Technology announced that the final offering price for each H share is HK$9.9, pricing at a level slightly below the middle of the offering range of HK$9.27 to HK$11.58. The Hong Kong public offering received approximately 5,778 applications, representing an oversubscription of about 12.95 times. Among the 3,705 applicants who applied for one lot (500 H shares), 1,853 were allocated shares, with an allocation rate of 50.01%. Applicants needed to subscribe for four lots (2,000 shares) to be guaranteed one lot. The group was listed this morning, and the Bright Lion dark pool closed at HK$13.1, a 32.3% increase from the offering price, resulting in a paper profit of HK$1,600 per lot.
The 'top subscription tier' involved 1.792 million shares, with three applicants, each receiving 357,000 shares, representing an allocation rate of 19.92%. The Hong Kong public offering triggered a clawback, with 3.5845 million shares reallocated from the international offering, increasing the Hong Kong public offering to 7.169 million shares, raising the proportion of total offering shares to approximately 10%. The international offering was oversubscribed by 0.05 times. The group raised approximately HK$709 million from the offering. Given the high concentration of equity among a small number of shareholders, even a small volume of H-share trading could lead to significant price fluctuations in H-shares. (hc)
Yiwei Technology announced that the final offering price for each H share is HK$9.9, pricing at a level slightly below the middle of the offering range of HK$9.27 to HK$11.58. The Hong Kong public offering received approximately 5,778 applications, representing an oversubscription of about 12.95 times. Among the 3,705 applicants who applied for one lot (500 H shares), 1,853 were allocated shares, with an allocation rate of 50.01%. Applicants needed to subscribe for four lots (2,000 shares) to be guaranteed one lot. The group was listed this morning, and the Bright Lion dark pool closed at HK$13.1, a 32.3% increase from the offering price, resulting in a paper profit of HK$1,600 per lot.
The 'top subscription tier' involved 1.792 million shares, with three applicants, each receiving 357,000 shares, representing an allocation rate of 19.92%. The Hong Kong public offering triggered a clawback, with 3.5845 million shares reallocated from the international offering, increasing the Hong Kong public offering to 7.169 million shares, raising the proportion of total offering shares to approximately 10%. The international offering was oversubscribed by 0.05 times. The group raised approximately HK$709 million from the offering. Given the high concentration of equity among a small number of shareholders, even a small volume of H-share trading could lead to significant price fluctuations in H-shares. (hc)
