<IPO>PATEO (02889.HK) Records 7x+ Margin Oversubscription
The IPO period for PATEO (02889.HK), a provider of intelligent cockpit solutions, has entered it...
The IPO period for PATEO (02889.HK), a provider of intelligent cockpit solutions, has entered its second day.
As of around 9:30 a.m., market data showed that PATEO had already received a margin of around HKD865 million from several brokers. Based on the maximum public offering portion of about HKD107 million, the oversubscription was about 7.1 times.
PATEO's IPO period will end at noon this Thursday (25th), with its listing expected on September 30.
(HK stocks quote is delayed for at least 15 mins.)
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