No Data
[IPO Monthly Report] The Hong Kong stock IPO market remained active in November, with Jinko Electronics' subscription multiple ranking second in Hong Kong history.
Jinwu Finance News | As November approaches, the Hong Kong IPO market continues to remain active, with 7 companies successfully listed on the main board of the exchange this month, covering various industry sectors such as jewelry, biotechnology, and electronic manufacturing. Subscription sentiment this month is high, with a particularly strong demand for Jinko Electronics' shares, followed closely by Jiuyuan Gene. However, the performance on the first day of listing is still similar to last month, with 3 out of 7 new stocks breaking below their issue price and 1 closing flat. On November 26, the second HKEX China Forum will be held in shanghai. The CEO of the Hong Kong Stock Exchange, bonnie chan yi-ting, stated in his speech that they are discussing the inclusion of reits in the Shanghai-Hong Kong Stock Connect with the Shanghai and Shenzhen exchanges.
AuGroup (SHENZHEN) Cross-Border's Over-Allotment Option Under Global Offering Lapses
AuGroup Ends Stabilization Period, Maintains Public Float
Stable price actions of Aukye Group (02519.HK), stable price period ends, and the excess rights issue lapses.
On December 5, Glorious Investment announced that the stabilization price period for the global offering will end on December 5, 2024 (Thursday), which is the 30th day after the deadline for submitting applications for the public offering in Hong Kong. The overall coordinator (acting on behalf of the international underwriters) did not exercise the over-allotment option during the stabilization price period, and the over-allotment option will expire on December 5, 2024 (Thursday). Therefore, the company will not issue H shares based on the over-allotment option.
Profit doubled and grew, Aoke shares (2519.HK) ushered in a moment of transformation.
In the complex and ever-changing macro environment, various industries are facing severe challenges, but a few sectors have shown rapid development momentum, among which cross-border e-commerce is one of them. According to statistics from the Ministry of Commerce, in the past 5 years, China's cross-border e-commerce trading volume has grown by more than 10 times. According to preliminary statistics from the General Administration of Customs, in the first three quarters of 2024, China's cross-border e-commerce imports and exports totaled 1.88 trillion yuan, a year-on-year increase of 11.5%, exceeding the overall growth rate of China's foreign trade by 6.2 percentage points during the same period. In addition, according to eMarketer data statistics, the global e-commerce penetration rate has increased from 10.4% in 2017
AuGroup (SHENZHEN) Cross-Border Business Raises HK$388 Million Ahead of Hong Kong Debut
No Data
