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<IPO>WOER Opens $1 Cent Higher at $20.1 on Debut
WOER (09981.HK), a manufacturer of heat-shrinkable materials and telecoms cables, debuted this morning (13th). The stock opened $1 cent or 0.04% higher at $20.1, and peaked at $21....
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<IPO>WOER Opens $1 Cent Higher at $20.1 on Debut
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WOER (09981.HK)  -0.710 (-4.418%)   , a manufacturer of heat-shrinkable materials and telecoms cables, debuted this morning (13th). The stock opened $1 cent or 0.04% higher at $20.1, and peaked at $21.8 in the early session. It last printed at $21.2, 5.5% higher than the offer price of $20.09, with a trading volume of 16.5521 million shares, involving $352 million.

The Hong Kong public offering recorded a subscription of 569.58 times, with a one-lot (200 shares) success rate of 0.33%, and the subscription of 70,000 shares will guarantee a lot.

Related News JPM Cuts HKEX (00388.HK) TP to HKD510, Raises EPS Forecast, Maintains Overweight
The international offering was 8.19 times subscribed. The final offer price stood at the upper limit of $20.09, raising net proceeds of $2.734 billion. China Securities International and CMSI are its joint sponsors.
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