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<IPO>XIAO NOODLES (02408.HK) Closes IPO; Margin Oversubscribed by ~314x
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The IPO period for the chain Chinese noodle brand XIAO NOODLES (02408.HK) ended yesterday (2nd). As of around 6 PM yesterday, the margin subscription aggregated approximately HKD21.57 billion, according to consolidated broker data. Based on its public offering fundraising of approximately HKD68.545 million, the margin was oversubscribed by 313.7 times. XIAO NOODLES is expected to price today (3rd) and plans to list on Friday (5th). The Hong Kong listing introduces six cornerstone investors, including HAIDILAO (06862.HK), and Guotai Junan Securities. AASTOCKS Financial News Website: www.aastocks.com |
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