CHOO YUT SHING
Mixue secured HK$3.45 billion ($444 million) in its IPO, according to Bloomberg. The firm provided investors with 17.06 million shares priced at HK$202.5 ($26). The newspaper notes that this IPO has turned into the biggest in Hong Kong for this year to date.
On the first day of trading on the stock exchange, the price of Mixue shares increased because they were purchased by individual investors, reports Bloomberg. Investors in Hong Kong placed bids totaling a historic 1.8 trillion Hong Kong dollars ($231.5 billion).
Due to the urgency, the organizers concluded accepting applications a day sooner than intended, sources familiar with the matter reported. The demand for Mixue's participation IPO in Hong Kong surpassed the supply by 5200 times, while in the international market it was 35 times.
source: bloomberg.com
On the first day of trading on the stock exchange, the price of Mixue shares increased because they were purchased by individual investors, reports Bloomberg. Investors in Hong Kong placed bids totaling a historic 1.8 trillion Hong Kong dollars ($231.5 billion).
Due to the urgency, the organizers concluded accepting applications a day sooner than intended, sources familiar with the matter reported. The demand for Mixue's participation IPO in Hong Kong surpassed the supply by 5200 times, while in the international market it was 35 times.
source: bloomberg.com