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<IPO>BIoT Solution Provider SUNMI TECH-W Starts IPO Tdy With Entry Fee HKD2,511.07, Aiming to Net ~HKD910M
SUNMI TECH-W (06810.HK), a Business Internet of Things (BIoT) solution provider, launched its IPO today, which will last until Friday (24th).The company plans to offer 42.6268 mill...
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<IPO>BIoT Solution Provider SUNMI TECH-W Starts IPO Tdy With Entry Fee HKD2,511.07, Aiming to Net ~HKD910M
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SUNMI TECH-W (06810.HK), a Business Internet of Things (BIoT) solution provider, launched its IPO today, which will last until Friday (24th).

The company plans to offer 42.6268 million H-shares globally, 10% of which will be allocated to the Hong Kong public offering and 90% to the international placing. With an offer price of HKD24.86 per share, the IPO aims to raise nearly HKD1.06 billion. The entry fee for a board lot of 100 shares is HKD2,511.07. The shares are expected to be listed next Wednesday (29th).

Related News G Sachs Expects Hong Kong IPO Fundraising to Reach USD60B This Year
The net proceeds from the listing are estimated at around HKD908.7 million. SUNMI TECH-W intends to spend about 40% (HKD363.5 million) in the R&D of BIoT software and hardware solutions.
(HK stocks quote is delayed for at least 15 mins.)

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