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<IPO>MUYUAN (02714.HK) Launches IPO Today with Entry Fee of $3,939.34, Raising Up to $10.68B
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The Chinese pig farming giant MUYUAN (02714.HK), already listed on the A-shares market, kicked off its IPO today (January 29) until February 3, planning to issue nearly 274 million H-shares, with 10% offered publicly in Hong Kong. The maximum offer price is HKD39, and the company aims to raise up to HKD10.68 billion. The entry fee for one lot of 100 shares is HKD3,939.34. The shares are expected to commence trading on February 6, with Morgan Stanley, CITIC Securities, and Goldman Sachs as joint sponsors. The net proceeds from this H-share offering by MUYUAN (002714.SZ) are expected to be approximately HKD10.46 billion. Cornerstone investors will subscribe to USD685 million worth of shares, involving nearly 137 million shares, accounting for 50% of the offered shares, or 2.39% of the issued share capital assuming the over-allotment option is not exercised. AASTOCKS Financial News Website: www.aastocks.com |
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