[New Stock Listing] VIGONVITA-B (2630) was oversubscribed 6,237 times, making it the hottest new stock today, with the dark market previously seeing a rise of 1.5 times
VIGONVITA-B was listed at an offering price of HKD 33.37 per share, with an oversubscription of 6,237 times, becoming the hottest new stock today. In the dark market trading, the stock price once reached HKD 102, closing at HKD 85, which is 1.55 times higher than the offering price, with only 1.68% of investors who subscribed for one lot being allocated shares. The company raised approximately HKD 587 million through the IPO, warning that the stock price may fluctuate significantly due to the concentration of H-share shareholders
According to the Economic News Agency on the 6th, the unprofitable biopharmaceutical company VIGONVITA-B (02630) announced that the final offering price for each H share is HKD 33.37, which is 1.9% lower than the upper limit of HKD 34. Approximately 265,000 people applied for the Hong Kong public offering portion, with an oversubscription of about 6,237.42 times, making it the most popular among the four new stocks listed on the same day. Among the 117,000 people who subscribed for one lot of 200 shares, 1,960 were allocated shares, with an allocation ratio of 1.68%, and no one secured a full lot. The group was listed today at 9 a.m., with the Bright Smart dark market reaching a high of HKD 102, closing at HKD 85, still 1.55 times higher than the offering price, resulting in a paper profit of HKD 10,300 for one lot.
The group indicated that "top hammer flying" involved 879,800 shares, with 3,698 applicants, of which 814 received 200 shares, resulting in an allocation ratio of 0.01%. The Hong Kong public offering portion accounted for 10% of the total shares offered, while the international offering was oversubscribed by 15.87 times. The group raised approximately HKD 587 million through the IPO. VIGONVITA reminded that due to the high concentration of equity among a small number of H share shareholders, even a small number of H shares traded can lead to significant price fluctuations. (wh)
