This year's largest Global IPO! Report: Contemporary Amperex Technology will be listed at the upper limit of the issue price at 263 Hong Kong dollars, with Institutions having oversubscribed by 30 times.
As of May 14, Contemporary Amperex Technology has received orders from Institutions exceeding 50 billion USD, equivalent to approximately 390.2 billion HKD. Excluding the cornerstone subscription part, it has already been oversubscribed by 30 times. It is estimated that the fundraising amount for Contemporary Amperex Technology's listing in Hong Kong is expected to expand to 41 billion HKD (5.26 billion USD), making it the largest IPO in Hong Kong since Kuaishou's listing in 2021.
Express News | Contemporary Amperex Technology has risen consecutively for seven days in A-shares! Bloomberg reports that the issuance price in Hong Kong is 263 HKD, at a discount of approximately 7.4%.
Express News | Contemporary Amperex Technology A-shares have created a seven-day increase! The Hong Kong IPO was oversubscribed by nearly 160 billion Hong Kong dollars.
The largest IPO in Hong Kong this year may be coming soon! Contemporary Amperex Technology received 21 times oversubscription and the lithium battery Sector is heating up.
① The IPO of Contemporary Amperex Technology on the Hong Kong stock exchange received 21 times oversubscription, how high is the enthusiasm for new share subscriptions? ② The heat of the lithium battery Sector has recently increased, what other Bullish logic is there?
Express News | On the first day, Contemporary Amperex Technology's stock was oversubscribed by more than 22 times, with a subscription amount close to 52 billion Hong Kong dollars.
Contemporary Amperex Technology may begin its IPO next week, with a potential discount of around 5% compared to A-shares, and the IPO might be completed within this month at the earliest.
According to Bloomberg, the highest expected issue price of Contemporary Amperex Technology is similar to the A-share closing price of 244.57 yuan (approximately 263.29 Hong Kong dollars) on Thursday, May 8.