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Hong Kong stocks movement | Multi-point intelligence (02586) extended decline of over 40% at the end of trading, having already seen more than a 70% cumulative drop since its initial listing just two days ago.
Multisource Intelligence (02586) saw its decline widen to over 40% at the close, reaching HKD 8.12, which is more than a 70% drop from the IPO price of HKD 30.21. As of the time of writing, it has fallen 41.16%, priced at HKD 8.12, with a trading volume of HKD 72.5014 million.
Hong Kong stock movement | On the first day of listing, new stock Multi-Point Intelligence (02586) plummeted over 50%. The company is a retail solutions provider under Wumart.
Multinational Digital Technology (02586) debuted on the market, and the announcement shows that the pricing is set at 30.21 HKD per share, with a total issuance of 25.774 million shares. The net proceeds will be approximately 0.624 billion HKD. The stock opened down 28% in the morning and fluctuated lower throughout the day. As of this writing, the decline has expanded to 52.73%, with a price of 14.28 HKD and a trading volume of 58.2298 million HKD.
On the first day of trading for new stocks | Multi-Point Intelligence (02586) opened lower by 39.29% in the early session.
Multi-Point Intelligence (02586) started trading, and the announcement shows that each share is priced at HKD 30.21, with a total of 25.774 million shares issued, each lot consisting of 100 shares, resulting in a net amount of about HKD 0.624 billion. As of the time of this report, the stock has dropped 39.69%, trading at HKD 18.22, with a transaction volume of HKD 18.8133 million.
Dmall Raises HK$624 Million in IPO Ahead of Hong Kong Trading Debut
【New Stock IPO】Duodianshuizhi (02586) priced at 30.21 Hong Kong dollars. The allotment rate for one board lot is 100%.
King Wo Financial News | Multi-Point Smart (02586) announced the results of its IPO, with a price of HKD 30.21 per share, raising HKD 0.779 billion, with a net amount of approximately HKD 0.624 billion. Each lot consists of 100 shares, with a winning rate of 100%, ensuring everyone can participate. During the public offering phase in Hong Kong, there were 2988 valid applications received, with a subscription amount of 1.94 times; the international offering had a subscription amount of 1.36 times.
China Tong Hong Kong Stock Investment Diary | December 6th
Hong Kong Stock Investment Journal | December 6, 2024
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