DEEPZERO (02723.HK) -55.000 (-12.360%) announced details of its IPO. The stock starts its public offering today (18th) and will close it at noon on Thursday (21st), with listing expected next Wednesday (27th). The company plans to globally offer 9.068 million H shares, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The offer price ranges from HKD43.5 to HKD55.5 per share. Based on a board lot of 100 shares, the entry fee is approximately HKD5,605.97. The sole sponsor is ICBCI. Based on the mid-point offer price of HKD49.5, the company expected net proceeds of approximately HKD403 million. (HK stocks quote is delayed for at least 15 mins.)Related News HSBC Research: HKMA, SFC Tighten Cross-border Capital Supervision; Prefer BOC HONG KONG (02388.HK) over HKEX (00388.HK) and AIA (01299.HK)
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