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<IPO> Xizhi Technology (01879.HK) 5,784.7x Oversubscribed; Subscribe 30,000 Shares to Secure One Board Lot
Xizhi Technology-P (01879.HK) announced its IPO results. The Hong Kong public offering was oversubscribed by 5,784.70x. The allotment rate for one board lot (15 shares) was 6%, and...
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<IPO> Xizhi Technology (01879.HK) 5,784.7x Oversubscribed; Subscribe 30,000 Shares to Secure One Board Lot
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Xizhi Technology-P (01879.HK)  -74.000 (-9.058%)   announced its IPO results. The Hong Kong public offering was oversubscribed by 5,784.70x. The allotment rate for one board lot (15 shares) was 6%, and subscribing for 30,000 shares will secure one board lot. Under the clawback mechanism, the number of shares allocated to the public offering has increased to 2.0692 million shares, representing 20% of the total offering. The international offering was oversubscribed by 53.83x. The final offer price was set at HKD183.2, the top end of the price range, raising net proceeds of HKD2.377 billion. The shares are expected to be listed on Tue (28th).

Xizhi Technology, an optoelectronic hybrid computing power solutions provider, planned to globally offer 13.7952 million shares, with the public offering initially accounting for 5%. The offer price ranged from HKD166.6 to HKD183.2. A total of 20 cornerstone investors, including Alibaba Investment, GIC, Baillie Gifford, BlackRock, Temasek, Lenovo, ZTE (Hong Kong) and Hillhouse, subscribed for shares. The lock-up undertaking will expire on October 27, 2026. (de/d)(HK stocks quote is delayed for at least 15 mins.)

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