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<IPO> Star Sports Med (01609.HK) Oversubscribed 7,822.13x; 1-Lot Success Rate 1.5%
Star Sports Med (01609.HK) announced its IPO results. The Hong Kong public offering was oversubscribed by 7,823.13 times. The clawback mechanism was not triggered, and the success ...
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<IPO> Star Sports Med (01609.HK) Oversubscribed 7,822.13x; 1-Lot Success Rate 1.5%
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Star Sports Med (01609.HK)  +2.400 (+1.204%)   announced its IPO results. The Hong Kong public offering was oversubscribed by 7,823.13 times. The clawback mechanism was not triggered, and the success rate for one lot (50 shares) was 1.5%. The international offering was oversubscribed by 10.41 times. The offer price was set at HKD98.5, with net proceeds of HKD758 million. The shares are expected to be listed on Tuesday (5th).

Star Sports Med, a medical device company focusing on sports medicine clinical solutions, proposed to globally offer 8.2418 million shares, with the public offering accounting for 10%. Four cornerstone investors, including JSC International, OrbiMed Asia IV and Greater Bay Area Development Fund Management, subscribed for a total of 2.9229 million shares, representing 34.7% of the total offering. The last day of the lock-up undertaking is November 4, 2026. (de/d)(HK stocks quote is delayed for at least 15 mins.)

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