JIHONG CO (02603.HK) (002803.SZ) , a cross-border social e-commerce advertising company listed on the Shenzhen Stock Exchange, announced the details of its IPO.

The company proposed to offer 67.91 million H-shares globally, with Hong Kong public offering accounting for 10% (6.791 million shares) and international offering accounting for 90% (61.119 million shares). The offer price ranged from $7.48 to $10.68 per share, raising a maximum of $725 million. The entry fee for a board lot of 500 shares would be around $5,393.85.

The IPO will commence today (19th) and close this Thursday (22nd). It is expected to be listed on the Main Board of the Hong Kong Stock Exchange Next Tuesday (27th). The joint sponsors are CICC and CMBI.
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