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<IPO>BUTONG GROUP Margin Oversubscription Grows to 2,225.5x; CHERY AUTO Records Margin Oversubscription 11.7x
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BUTONG GROUP (06090.HK), the owner of the maternity and baby brand BeBeBus, is set to close its IPO today (18th) at noon. As of around 9:30 am, the company had received a margin of HKD174.08 billion in total from brokers, pushing the oversubscription multiple to 2,225.5 times. Its listing is scheduled for next Tuesday (23rd). Meanwhile, Chinese automaker CHERY AUTO (09973.HK) has entered the second day of its IPO. As of around 9:30 am, market data showed that the company had already received a margin of over HKD11.6 billion in total from brokers, meaning an oversubscription of 11.7 times based on the maximum fundraising of about HKD915 million from the public offering tranche. CHERY AUTO's IPO period will close at noon next Monday (22nd), with its listing on the Hong Kong Stock Exchange expected next Thursday (25th). AAStocks Financial News |
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