<IPO>'if' Coconut Water Parent Company's HK IPO Oversubscribed by 2,690x, Margin Oversubscribed by 2,239x: Rumor
The Thai beverage company IFBH (06603.HK), which operates the coconut water and young coconut dri...
The Thai beverage company IFBH (06603.HK), which operates the coconut water and young coconut drink brands "if" and "Innococo", closed its subscription yesterday (25th).
238,000 people subscribed for the shares, resulting in an oversubscription of 2,690 times, involving HKD314.8 billion, sources divulged. This beat the 989 times oversubscription of SHOUHUI GROUP (02621.HK) listed this year, potentially making it the fifth largest IPO in terms of oversubscription this year.
Based on multiple broker data, brokers have so far lent HKD259.483 billion in margin loans for IFBH's IPO. With the public offering portion raising HKD1.16 billion, the margin was oversubscribed by 2,239 times.
(HK stocks quote is delayed for at least 15 mins.)
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