TENCENT-backed SIPAI HEALTH Public Offering Oversubscribed by Over 7x, One-lot Success Rate 15%

SIPAI HEALTH, a mainland chain specialty drug pharmacy invested by TENCENT, announced the results of its Hong Kong IPO. The offer price is set at $18.6 per offer share. The public offering was oversubscribed by approximately 7.27 times. Success rate for one lot (200 shares) is 15%. Subscription of 15 lots (3,000 shares) will be guaranteed with one lot.

Morgan Stanley and Haitong International are the joint sponsors for the IPO.