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<IPO> Hantian Tiancheng (02726.HK) Public Offering Oversubscribed by 50.66 Times, 20% Chance for One Lot
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Hantian Tiancheng (02726.HK) announced its IPO results, revealing that the Hong Kong public offering was oversubscribed by 50.66 times, with a 20% chance of securing one lot (50 shares). A guaranteed allocation of one lot is available for subscriptions of 2,000 shares. The international offering was oversubscribed by 1.95 times. The offer price is HKD76.26, raising net proceeds of HKD1.56 billion. The shares are expected to be listed on Monday (30th). Hantian Tiancheng, a Chinese silicon carbide epitaxial supplier, plans to globally offer 21.492 million shares, with 10% allocated for public offering. Cornerstone investor Xiamen Advanced Manufacturing has subscribed for 10.0585 million shares, representing 46.8% of the total offering. The lock-up period ends on September 29, 2027. (de/d) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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