MeiG Smart Technology (03268) priced at HK$28.86 per share, received oversubscription of 174.12 times in its Hong Kong IPO.
MGI Tech (03268) announced the results of its distribution, with approximately 40.25 million H shares being issued globally. The public offering in Hong Kong accounts for 8.7%, while the international offering accounts for 91.3%. The final offering price is HK$28.86 per share, with a net raise of approximately HK$1.091 billion from the global offering. Trading of H shares, with a board lot size of 100 shares, is expected to begin on the Hong Kong Stock Exchange at 9:00 am on March 10, 2026 (Tuesday).
MeiG Smart Technology (03268) announced the results of its distribution. The company issued approximately 40.25 million H shares globally, with 8.7% being publicly issued in Hong Kong and 91.3% internationally. The final offering price was HK$28.86 per share, with a net raise of approximately HK$1.091 billion globally. Trading of the H shares, in lots of 100 shares each, is expected to begin on the Hong Kong Stock Exchange on Tuesday, March 10, 2026 at 9 am local time.
The Hong Kong public offering received 174.12 times oversubscription, while the international offering received 4.50 times oversubscription.
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