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<IPO>Baillie Gifford, GIC Buy HKD4.8B Worth of MINIMAX-WP Shrs
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Investment firms Baillie Gifford and Singaporean sovereign wealth fund GIC have subscribed to shares of MINIMAX-WP (00100.HK) in its Hong Kong IPO, involving HKD4.8 billion (around USD619 million), Bloomberg reported, citing informed sources. Informed sources indicated that the IPO pricing of MINIMAX-WP is set at the upper limit of the offering range, with institutional investors' subscription multiple for its international placement shares (excluding cornerstone placements) exceeding 70 times. MINIMAX-WP is said to have received over 460 institutional bids in total. AASTOCKS Financial News |
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