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<IPO> Reportedly Shenghong Technology (02476.HK) H Share Listing Attracts China Investment Corporation, Norges Bank Investment Management
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Nvidia supplier and a leading mainland AI printed circuit board (PCB) manufacturer, Shenghong Technology (02476.HK), made its H share debut today (21st). The stock closed at HKD315, up 50.1% from its listing price of HKD209.88, with full-day turnover of HKD10.784 billion. Excluding handling fees, each board lot of 100 shares generated a book gain of HKD10,512. Bloomberg, citing sources, reported that Shenghong Technologys USD2.6 billion H share listing attracted Chinese and global investors, including China Investment Corporation and Norges Bank Investment Management, the worlds largest sovereign wealth fund. BlackRock and Fidelity Investments also participated in the H share offering, according to sources. These institutions participated in the main order book as buy-side investors rather than cornerstone investors, who are guaranteed allocations but are subject to a minimum six-month lock-up period. (da/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. 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. Auto-translated by AI AASTOCKS Financial News |
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