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<IPO>NOVOSENSE (02676.HK) IPO Today; Entry Fee ~$11,717; BYD, Xiaomi Among 7 Cornerstone Investors
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NOVOSENSE (02676.HK)(688052.SH) announced details of its Hong Kong IPO, planning to globally offer 19.0684 million H shares. The Hong Kong public offering accounted for approximately 10%, while the international placement accounted for approximately 90%, with a maximum offer price of HKD116 per share. The IPO was expected to raise up to approximately HKD2.211 billion. Entry fee for one board lot (100 shares) was approximately HKD11,716.99.

The subscription period starts today (November 28) and will end next Wednesday (December 3), with the listing expected on December 8. Based on the maximum offer price of HKD116, the net proceeds were approximately HKD2.096 billion.

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This IPO attracted seven cornerstone investors, including Golden Link under BYD COMPANY (01211.HK), Hield International controlled by the major shareholder of SANHUA (02050.HK), Perseverance Asset Management, 3W Fund, Green Better, a wholly-owned subsidiary of XIAOMI-W (01810.HK), and Dream’ee HK Fund, collectively subscribing to shares worth approximately HKD1.089 billion.
AASTOCKS Financial News
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