<IPO>XUNZHONG (02597.HK) Begins IPO Tdy; 1-lot Entry Fee $7,651.39
Chinese cloud-based communication service provider XUNZHONG (02597.HK) announced the details of i...
Chinese cloud-based communication service provider XUNZHONG (02597.HK) announced the details of its IPO, planning to globally offer 30.44 million shares, with 10% for Hong Kong public offering and 90% for international offering.
The offer price per share ranges from $13.55 to $15.15, while entry fee was $7,651.39 with a board lot size of 500 shares. The IPO starts today (30 June) and will close at noon on Friday (4 July), with the listing expected next Wednesday (9 July). The sole sponsor is DBS.
The Company introduced Tongzhou International as its cornerstone investor, subscribing for $131 million worth of the Company's shares. Tongzhou International is beneficially owned by the State-owned Assets Supervision and Administration Commission of Beijing Municipality.
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