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Stable price period of Qiniu Asia Vets (02567.HK) has ended, no stable price action and over-allotment rights are invalidated.
GLH November 11th | Qiniu asia vets (02567.HK) announced that the stable price period for the global offering ended on November 9, 2024 (Saturday) (i.e., 30 days after the deadline for submitting the Hong Kong public offering application). The sponsor and overall coordinator (on behalf of itself and international underwriters) confirmed that there was no oversubscription of shares under the international placement. Therefore, the oversubscribed rights issue was not exercised, and the oversubscribed rights issue expired on November 9, 2024 (Saturday). The company was informed by the stabilizing manager that the stabilizing manager or any person acting on its behalf during the stabilizing price period.
[IPO Monthly Report] The hot market for Hong Kong IPOs in October remains unabated. The oversubscription ratio of Karotex was 1346 times, and China Resources Beverage may become the "capital freezing king" of the year.
In September, Midea Group Co., Ltd. (00300) raised 35.7 billion yuan, becoming the largest in the Hong Kong stock market since February 2021, the largest in Asia in the first three quarters of 2024, and the second largest in the world by 2024. The Chief Executive Officer of HKEX, Bonnie Chan Yi-Ting, stated: "Recently, the HKEX welcomed the largest in Asia and the second largest in the world in terms of new stock listings this year. Refinancing activities are also 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."
Cloud Services Provider Qiniu Slides 42% in Hong Kong Debut
Qiniu Shares at HK$1.60 Vs IPO Price of HK$2.75
Asia Vets' new shares first day | Qiniu (02567) debuts on the market, opening 41.82% lower in the morning.
Qiniu Asia Vets (02567) made its debut on the market. The announcement shows that the price is set at HK$2.75 per share, with a total issuance of 0.16 billion shares, with 1000 shares per board lot, resulting in a net amount of approximately 0.3672 billion Hong Kong dollars. As of the time of writing, it has fallen by 41.82%, trading at HK$1.6, with a turnover of 25.7732 million Hong Kong dollars.
Qiniu Raises HK$367 Million in Hong Kong IPO Ahead of Wednesday Debut
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