No Data
The stable price period of Qiniu Asia Vets (02567.HK) has ended, with no stable price actions and the expiration of the excess rights issue.
According to the announcement from Qiniu Asia Vets (02567.HK) on November 11th, the stabilizing period for the global offering ended on November 9, 2024 (Saturday) (30 days after the deadline for submitting the Hong Kong public offering application). The sponsor and overall coordinator (on behalf of itself and international underwriters) confirmed that there was no oversubscription of shares under the international placement. Therefore, the oversubscribed rights issue was not exercised, and the oversubscribed rights issue expired on November 9, 2024 (Saturday). The company was informed by the stabilizing price operator that the stabilizing price operator or any person acting on its behalf during the stabilizing price period.
[IPO Monthly Report] The heat of the Hong Kong IPO market in October shows no signs of decreasing. Karot super subscription 1346 times, CR Beverage may become the annual "Frozen Capital King".
In September, Midea Group Co., Ltd (00300) raised 35.7 billion yuan, becoming the largest fundraising in the Hong Kong stock market since February 2021, the largest in Asia in the first three quarters of 2024, and the second largest globally in 2024. Charles Li Xiaojia, CEO of HKEX, said: "Recently, the Hong Kong Stock Exchange welcomed the largest new stock listing in Asia and the second largest globally this year. Refinancing activities have also been very active, demonstrating the depth and attractiveness of our market. The number of new stock listing applications further consolidates Hong Kong's position as the preferred new stock fundraising center in Asia. In addition, Alibaba has converted to a dual primary listing and was subsequently included in the Stock Connect."
First-day listing breaks! Qiuniu's asia vets plummeted over 50%.
Gelonghui October 16th | Asia vets, the third largest audio and video paas service provider in china, in which alibaba holds shares, broke on its first day of listing today, with its stock price plummeting by more than 50% to HK$1.27 at one point, trading over HK$74 million as of now, and its market cap falling to less than HK$2.6 billion. The stock's public offering was oversubscribed by 18.87 times, with an 80% allotment rate for first-time bidders, allowing those who subscribed to 2 lots to obtain one lot, and pricing it near the lower limit of HK$2.74-2.86 per share range (IPO price of HK$2.75). Asia vets mainly provides audio and video solutions, as of the end of March this year.
Cloud Services Provider Qiniu Slides 42% in Hong Kong Debut
Qiniu Shares at HK$1.60 Vs IPO Price of HK$2.75
Asia Vets' new shares first day | Qiniu (02567) debuts on the market, opening 41.82% lower in the morning.
Qiniu Asia Vets (02567) made its debut on the market. The announcement shows that the price is set at HK$2.75 per share, with a total issuance of 0.16 billion shares, with 1000 shares per board lot, resulting in a net amount of approximately 0.3672 billion Hong Kong dollars. As of the time of writing, it has fallen by 41.82%, trading at HK$1.6, with a turnover of 25.7732 million Hong Kong dollars.
No Data
No Data