No Data
[IPO Monthly Report] The heat of the Hong Kong IPO market in October shows no signs of decreasing. Karot super subscription 1346 times, CR Beverage may become the annual "Frozen Capital King".
In September, Midea Group Co., Ltd (00300) raised 35.7 billion yuan, becoming the largest fundraising in the Hong Kong stock market since February 2021, the largest in Asia in the first three quarters of 2024, and the second largest globally in 2024. Charles Li Xiaojia, CEO of HKEX, said: "Recently, the Hong Kong Stock Exchange welcomed the largest new stock listing in Asia and the second largest globally this year. Refinancing activities have also been very active, demonstrating the depth and attractiveness of our market. The number of new stock listing applications further consolidates Hong Kong's position as the preferred new stock fundraising center in Asia. In addition, Alibaba has converted to a dual primary listing and was subsequently included in the Stock Connect."
Hong Kong stocks closed (10.09) | Hang Seng Index fell by 1.38%, brokerages, infrastructure, shipping stocks continued to decline. Meituan-W (03690) rose against the trend.
The State Council Information Office will hold a press conference on Saturday at noon to introduce the relevant situation of "increasing the intensity of fiscal policy countercyclical adjustment and promoting high-quality economic development". The three major Hong Kong stock indexes rebounded in the afternoon, with all of them falling more than 3% in the early session, but then falling back again in the late session.
The new stock Rongli Construction (09639.HK) closed at 0.61 yuan in half a day, 16.4% lower than the listing price.
On the first day of listing of Wing Lee Construction (09639.HK), it opened at 0.5 yuan, lower than the listing price of 0.73 yuan, a decrease of 31.5%. The highest/lowest were at 0.68/0.5 yuan respectively, closed at 0.61 yuan at midday, lower by 16.4% compared to the listing price of 0.73 yuan. Half-day trading volume reached 0.148 billion shares, involving a total of 81.0306 million yuan.
Wing Lee Development Construction Slides Almost 32% in Hong Kong Debut
New shares on the first day | Wing Lee Construction (09639) debuted on the market with an opening drop of 31.51% in the morning.
Rongli Construction (09639) made its debut on the market, with announcement indicating a price of HK$0.73 per share, issuing a total of 0.25 billion shares at 5000 shares per lot, bringing in a net amount of approximately HK$0.1497 billion. As of the time of this report, it has dropped by 31.51%, trading at HK$0.5, with a turnover of HK$38.7323 million.
New stock first day | Rongli Construction opened low on the first day, with a transaction volume exceeding 38 million Hong Kong dollars.
According to previous reports, in the grey market trading of Futu on the previous trading day, Rongli Construction opened at a low in the grey market, fell by 24.66%, closing at 0.55 Hong Kong dollars, with a turnover of 12.1362 million Hong Kong dollars, and a total market value of 0.55 billion Hong Kong dollars; 5,000 shares per lot, without considering fees, losing 900 Hong Kong dollars per lot.
No Data
No Data