<IPO>XJ ELECTRICS Public Offering Oversubscribed by 851x; 1-lot Success Rate 10%
XJ ELECTRICS (02619.HK) announced its offering results. Its Hong Kong public offering recording 8...
XJ ELECTRICS (02619.HK) announced its offering results. Its Hong Kong public offering recording 852.38 times subscription, with an one-lot (1,000 shares) success rate of 10%, and the subscription of 200,000 shares will guarantee a lot.
According to the clawback mechanism, the public offering shares have been increased to 34.11 million shares, accounting for 50% of the total number of shares offered. The final offering price is set at $2.86, the lower end of the price range, raising net proceeds of $156 million. The shares are expected to list on Wednesday (25th).
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