Key Takeaways:
- HQVT offers 85.2 million shares at HKD 7.2 apiece
- IPO subscription runs June 11-16, listing on June 22
- Net proceeds of HKD 537 million from the Hong Kong listing
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HQVT launches HKD 7.2 IPO, targets June 22 Hong Kong listing
HQVT (01392.HK) launched its Hong Kong IPO at HKD 7.2 per share, offering 85.2 million shares to raise net proceeds of HKD 537 million.
The company expects net proceeds of about HKD 537 million from the listing, according to the IPO prospectus.
The offering comprises 85.2 million H shares, with 10% reserved for the Hong Kong public offering and 90% for the international placing. Each board lot of 500 shares requires an entry fee of HKD 3,636.31.
The pricing gives the company an implied market capitalization based on the offer structure. Joint sponsors CMBC Capital and SPDB International are managing the deal.
The subscription period opened today and will close at noon on June 16. The shares are expected to begin trading on the Hong Kong exchange on June 22.
The pricing gives the company an implied market capitalization based on the offer structure. Investors will watch first-day trading on June 22 for signs of demand momentum.
This article is for informational purposes only and does not constitute investment advice.
