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<IPO>WOER Reportedly Plans to Price at Offer Price's Upper Limit of HKD20.09; Margin Oversubscription 448x+
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WOER (09981.HK) plans to price at the offer price's upper limit of HKD20.09, raising up to HKD2.81 billion, Bloomberg reported, citing sources. The pricing represents a discount of around 35% to its Shenzhen-listed A-share's closing price of RMB27.32 on Monday (9th). As of 10:30 am today (10th), WOER recorded margin subscriptions of HKD126.504 billion, marking an oversubscription of over 448 times based on the public offering fundraising amount of HKD281 million. It is said that WOER concluded the subscription yesterday, one day ahead of the original schedule. AAStocks Financial News |
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