HawkInsight

  • Contact Us
  • App
  • English

<IPO>AUNTEA JENNY Records Margin Oversubscription 100x+ on Debut; BRETON&#39;s IPO to Close Tmr

China&amp;#39;s tea beverage brand AUNTEA JENNY (02589.HK) began its Hong Kong IPO yesterday (Apri...

China's tea beverage brand AUNTEA JENNY (02589.HK) began its Hong Kong IPO yesterday (April 28). Offering a total of 2.4113 million shares globally at an offer price of $95.57-113.12 per share, the company aims to raise up to $273 million.

According to consolidated data from various brokers, AUNTEA JENNY's IPO received a margin of around $2.772 billion from brokers yesterday, representing an oversubscription of 100.6 times based on the public offering portion raising $27.2766 million.

As of around 9 am this morning, AUNTEA JENNY's margin subscription had increased to $3.642 billion, marking a margin oversubscription of around 132.5 times.

BRETON (01333.HK), a Chinese electric construction machinery provider, also started its IPO last Friday (April 25) and will close it this Wednesday (April 30).

DRINDA (02865.HK), a solar cell manufacturer that will close its IPO this Friday (May 2), has so far recorded a margin subscription of about $320 million, representing a margin oversubscription of about 0.7 times.
(HK stocks quote is delayed for at least 15 mins.)

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.