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<IPO>TOPNC (07688.HK), 'First Commercial Aerospace Stock', Starts IPO Today; Entry Fee HKD2,665.61
TOPNC (07688.HK), hailed as the "first commercial aerospace stock", announced details of its IPO. The company plans to offer 65.33 million H shares globally, with 10% for...
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<IPO>TOPNC (07688.HK), 'First Commercial Aerospace Stock', Starts IPO Today; Entry Fee HKD2,665.61
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TOPNC (07688.HK), hailed as the "first commercial aerospace stock", announced details of its IPO. The company plans to offer 65.33 million H shares globally, with 10% for the Hong Kong public offering and 90% for the international offering, at an offer price of HKD26.39 per share.

Based on a board lot of 100 shares, the entry fee per lot is HKD2,665.61. The stock begins its IPO today (12th), closes at noon on Friday (15th), and is expected to be listed next Wednesday (20th). Joint sponsors are Guotai Haitong, Guotai Junan International and CCBI.

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Cornerstone investors introduced for the listing include RBC, 3W, Boyu, HHLRA, UBS AM Singapore, CDH, Mirae Asset and Goldman Sachs Asset Management, collectively subscribing for USD110 million worth of shares.

Based on the offer price of HKD26.39, the company is expected to raise net proceeds of approximately HKD1.606 billion from the listing.
(HK stocks quote is delayed for at least 15 mins.)

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