Hong Kong stock abnormality | At the end of the trading, Baotian shares (06657) increased by more than 25%, a 30% increase from the IPO price, and the total market value approached HK$11 billion.

At the end of trading, Baoying Corporation (06657) rose more than 25%, reaching a high of HKD 49.1, up more than 36% from the IPO price of HKD 36. As of press time, it rose 25.71%, to HKD 48.9, with a turnover of HKD 14.5995 million.

Zhitong FinanceJul 10 03:28 ET

Allotment result | BaWang Group (06657): the first-hand winning rate is 40.10%, and the final price is HKD 36.

According to the Zhītōng Cáijīng APP, on July 10th, Băiwàng Gǔfèn (06657) concluded its subscription period. The subscription offer price was HKD 36-40, and the final offer price was HKD 36, with a minimum board lot of 3,600 Hong Kong dollars. Among them, the number of people who subscribed in the public offering was 3,809, with a subscription rate of 40.10% for each lot, and a subscription multiple of 6.58 times. The number of international placements and the subscription multiple of which were undisclosed.

Zhitong FinanceJul 10 02:44 ET

Newly listed IPO stock, Baowan Shares (06657), closed at a price of HKD 38.9, 8.06% higher than the offer price.

Baiwang Stock (06657) was first listed with a closing price of HKD 38.9, which is 8.06% higher than the offer price. The total trading volume for the day was 1.0369 million shares, with a turnover of HKD 36.8167 million. Without counting the handling fee, each lot of 100 shares made a profit of HKD 290. The stock opened at HKD 32 in the morning, which is 11.11% lower than the offer price, with a lowest point of HKD 28 and a highest price of HKD 39.7. The latest total market value is HKD 8.788 billion.

金吾財訊Jul 9 04:12 ET

HK stocks unusual movement| New stock Baoying shares(06657) rose more than 9% in intraday, recovering the IPO price. It fell sharply by 19% in the morning.

According to the Zhītōng Cáijīng APP, the new stock Baǐwàng Gǔfèn (06657) was listed today. In early trading, it plummeted 19% before gradually narrowing, and rose in the afternoon to successfully recover the IPO price of 36 Hong Kong dollars. As of the time of publication, it rose 6.11%, to 38.2 Hong Kong dollars, with a turnover of 32.9783 million Hong Kong dollars. It is reported that Baǐwàng Gǔfèn focuses on providing SaaS financial and tax digital and data-driven intelligent solutions through the Baǐwàng Cloud platform. According to a Frost & Sullivan report, by 2023, in terms of revenue, Baǐwàng Gǔfèn ranks first in China's cloud financial and tax related transaction digital market, with a market share of 7.1.

Zhitong FinanceJul 9 02:20 ET

Baiwang Raises HK$229 Million in Hong Kong IPO, Prices at Bottom of Range

Baiwang (HKG:6657) priced its Hong Kong initial public offering Monday to raise HK$228.9 million in net proceeds from the offering.The enterprise digitalization solutions provider sold 9,262,000 share

MT NewswiresJul 8 21:25 ET

Baowang Shares (06657) priced at a minimum of HK$36 for public offering, oversubscribed 6.58 times.

Zh Tong Finance APP News, Baiwang Stock (06657) announced the distribution results, the company globally issued 9.262 million shares, with 10% offered in Hong Kong and 90% offered internationally. The final offering price was HKD 36 per share, and the global net proceeds of the offering was approximately HKD 2.29 billion. Each board lot consists of 100 shares, and the H shares are expected to begin trading on the Hong Kong Stock Exchange on Wednesday, July 9, 2024, at 9:00 a.m. Hong Kong time. Among them, the Hong Kong public offering received 6.58 times oversubscription, while the international offering received 1.04 times oversubscription.

Zhitong FinanceJul 8 10:09 ET