<IPO>CATL (03750.HK) To Close IPO This Afternoon w/ Margin Oversubscription 114x+
The IPO period for CATL (03750.HK) will close at noon today (15th). As of about 9:00 am this m...
The IPO period for CATL (03750.HK) will close at noon today (15th).
As of about 9:00 am this morning, margin received by CATL's IPO from a number of brokers increased to $268.18 billion, representing an expansion of margin oversubscription to nearly 114.3 times based on the public offering portion raising $2.325 billion, according to the consolidated market data.
CATL will offer nearly 118 million H shares globally, with the Hong Kong public offering accounting for 7.5%. Foreign media quoted sources as saying that CATL will set its IPO maximum offer price at $263 per share, raising around $31 billion.
The IPO results are expected to be announced next Monday (19th), with the stock set to debut on next Tuesday (20th).
(HK stocks quote is delayed for at least 15 mins.)
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