Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<IPO>MININGLAMP-W (02718.HK) Starts IPO Today; Entry Fee $5,696.88; TENCENT Holds ~26% Stake
Recommend 36 Positive 43 Negative 27 |
||||
|
||||
|
MININGLAMP-W (02718.HK), a data intelligence application software company, announced its IPO plan in Hong Kong, adopting a dual-class share structure for listing. It will globally offer 7.219 million Class A shares, with 10% (approximately 721,900 shares) for the Hong Kong public offering and 90% (approximately 6.4971 million shares) for international placement. The offering price is set at HKD141 per share, and the company is aiming to raise up to approximately HKD1.018 billion. The entry fee for each board lot (40 shares) is HKD5,696.88. The subscription period starts today (23rd) and will end next Tuesday (28th), with the listing expected on November 3. CICC is the sole sponsor. Based on the offering price of HKD141, the net proceeds are estimated to approximate HKD902 million. This IPO has attracted seven cornerstone investors, including TENCENT (00700.HK), Hundreds Capital, Treasure-stone Investment Group Limited, GFH Financial Group B.S.C., and XTALPI (02228.HK), collectively subscribing for shares equivalent to approximately USD59 million, involving about 3.2547 million shares based on the offering price, accounting for approximately 45.1% of the offered shares. Since 2010, MININGLAMP-W has mounted multiple financing rounds, attracting Tencent, HongShan, Singapore's Temasek, KUAISHOU-W (01024.HK), and investment partnerships under CR HOLDINGS (01911.HK). Tencent, HongShan, and Temasek are expected to hold approximately 25.96%, 7.15%, and 4.14% of shares respectively upon MININGLAMP-W's listing. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
