<IPO>CAOCAO INC (02643.HK) Margin Oversubscription 2.36x So Far
CAOCAO INC (02643.HK) commenced its IPO in Hong Kong yesterday (17th). According to broker data...
CAOCAO INC (02643.HK) commenced its IPO in Hong Kong yesterday (17th). According to broker data, a total of approximately HKD556 million in margin loans were borrowed for the company's IPO yesterday.
Based on the public offering raising HKD185 million, the margin was oversubscribed by more than 2 times. As of around 9 a.m. this morning, the margin amount increased to HKD624 million, expanding the oversubscription to approximately 2.36 times.
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