China Baijiu Company Zhenjiu Lidu Group is Hong Kong's largest first public fundraising (IPO) this year, but suffered a heavy frustration on the first day of listing.
According to Bloomberg News on Thursday (April 27), Janejiu Lidu has fell 17%to HK $ 9 (below, S $ 1.53), which was lost slightly later.The issue price of Zhenjiu Lidu was HK $ 10.82 per share, and nearly 5.3 billion Hong Kong dollars were raised near the bottom of the promotion interval.
The data compiled by Bloomberg shows that before Janejiu Lidu landed in Hong Kong stocks, Hong Kong has never had a single transaction listed in a single transaction of more than 150 million US dollars this year (below, S $ 1.179 billion).Earlier, Hong Kong's 18 IPO transactions this year only raised a total of $ 883 million.
Comprehensive Bloomberg News Agency and Reuters reported that the Hong Kong Stock Exchange announced on April 17 that Zhenjiu Lidu Group issued 490.7 million shares from the price of 10.78 to HK $ 12.98 from the same day to April 20th.Hong Kong's public offering accounts for 10%, international offering accounts for 90%, and another 15%excess shares, raising up to 6.37 billion Hong Kong dollars.The first trading day of Zhenjiu Lidu Group was set on April 27th.
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.
