China Baijiu Company Zhenjiu Lidu Group is seeking to raise nearly 6.4 billion Hong Kong dollars (the same, S $ 1. S $ 1. S $ 1.1 billion) through the first public offering of stocks (IPOs) in Hong Kong, which will become the largest IPO this year.
Comprehensive Bloomberg and Reuters reported that the Hong Kong Stock Exchange announced on Monday (April 17) that Zhenjiu Lidu Group will be from now to Thursday (20th) from the price of 10.78 to HK $ 12.98 per share., Issuance of 490.7 million shares, Hong Kong's public offering accounted for 10%, international offering accounted for 90%, and 15%of the excess equity, raising up to 6.37 billion Hong Kong dollars.The first trading day of Zhenjiu Lidu Group was set on April 27th.
The listing of Zhenjiu Li Du may boost Hong Kong's tepid IPO market.According to data compiled by Bloomberg, the Hong Kong IPO market has raised only about $ 860 million (Same as S $ 1145 million) to date this year.The fatigue of the Hong Kong stock market is consistent with other major financing places such as New York and London. The high interest rate and the stock market shock have prompted large issuers to take a wait -and -see attitude.
According to the data compiled by Bloomberg, according to the upper limit of the reclining price, the Jane Wine Lidu Group will become Hong Kong's largest IPO since the listing of Sunshine Insurance Group in December last year.
According to the company's prospectus, Zhenjiu Li Du can be traced back to a national development project launched in 1975. The company is located in a town only about two hours by the birthplace from Moutai, Guizhou.The prospectus shows that the company's gross profit margin in 2022 was 55.3%, and its net profit was about 1 billion yuan (S $ 194 million).
Goldman Sachs and CITIC Construction Investment International are the joint sponsor of Zhenjiu Li Du.
