Wuhan Public Dental Hong Kong IPO public sale portion oversubscribed by 108 times.
According to an announcement submitted to the Hong Kong Stock Exchange on Tuesday, Wuhan Public Dental Medical increased the number of IPO shares allocated to Hong Kong retail investors through a clawback mechanism from 1.09 million shares to 1.95 million shares. The number of shares allocated to institutional investors decreased from 9.78 million shares to 8.91 million shares. The international placement portion received 0.96 times oversubscription. The company set the Hong Kong IPO price at HK$20 per share, at the bottom of the offering price range. Note: The IPO offering price range is from HK$20 to HK$21.4 per share; the company raised HK$217 million through the IPO; the shares will be listed on July 9th. Haitong International is the sole sponsor.
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