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<IPO>SERES (09927.HK) Margin Amt Hikes to ~$89B, Oversubscribed 66.5x
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The IPO period for the NEV company, SERES (09927.HK)(601127.SH), will end at noon today (31st). As of around 9 am today, SERES's IPO received a total margin of nearly $89 billion from various brokers, representing a margin oversubscription of about 66.5 times based on its public offering portion raising nearly $1.318 billion, according to consolidated market data. SERES launched the 'AITO' brand in 2021 and has since introduced four models, naming AITO M5, M7, M8 and M9. Its business covers multiple markets including China, Europe, the Middle East, America and Africa. It is expected that approx. 70% of the funds raised from the Hong Kong IPO will be used for research and development, and about 20% will be allocated to diversified new marketing channels, overseas sales and charging network services. AASTOCKS Financial News |
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