Hong Kong Stock Exchange: Brewco (00325) will continue to proceed according to the listing timetable in the prospectus.

date
08/01/2025
avatar
GMT Eight
On January 8, a technical issue occurred on the Hong Kong Stock Exchange's (00388) new stock settlement platform FINI, causing FINI to display a delay in the listing date of Blue Sky (00325) from January 10 to January 13. The Hong Kong Stock Exchange stated that the incorrect status display of Blue Sky's new stock subscription on the FINI platform was a technical error, and confirmed that the company's subscription process was still ongoing and would continue according to the listing schedule in the prospectus. The status display of other new stock subscriptions on FINI is correct and will be updated with the latest information in a timely manner. Blue Sky is scheduled to be listed on January 10, with Goldman Sachs and Huatai International as its joint sponsors. As of January 7, brokerage platforms had a total subscription amount of HK$87.865 billion for Blue Sky, oversubscribed by over 6000 times, making it the third most oversubscribed IPO in Hong Kong stock market history. Earlier reports also indicated that due to the overwhelming response to the subscription, some brokerages experienced technical issues on the FINI platform when submitting subscription applications close to the noon deadline. Market reports also mentioned that the company plans to price its shares at a maximum of HK$60.35, and will exercise the full amount of the overallotment option to issue an additional 15% of shares, increasing the fundraising amount to HK$1.674 billion.

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