HONG KONG, ECONOMY TODAY, Nov 29 — Robotic H (03757) made its debut today, opening at HK$419.6, down 3.8% from its offer price of HK$436. With a board lot of 50 shares, investors suffered an immediate loss of HK$820 per lot, excluding transaction fees.
Robotic announced that the final offer price for each H-share is set at HK$436. The Hong Kong public offering received approximately 13,000 applications, representing an oversubscription of about 7.65 times. Among the 7,265 applicants who applied for one lot (50 shares), 2,543 were allocated shares, resulting in an allocation rate of 35%. Applicants subscribing for eight lots were guaranteed one lot. The group was listed on the Hong Kong Stock Exchange at 9 a.m. today. In the Bright Future dark pool trading, the closing price was HK$428, down 1.8% from the offer price, translating to a paper loss of HK$400 per lot.
The 'top subscriber' application involved 593,800 shares, with only one applicant who was allocated 80,000 shares, representing an allocation rate of 13.47%. The Hong Kong public offering maintained its allocation at 10% of the total offering size. Meanwhile, the international offering was oversubscribed by 4.97 times. The group raised approximately HK$517.8 million through the share offering. Given the high concentration of equity among a small number of shareholders, the H-share price may experience significant volatility even with minimal trading volume. (hc)
Robotic announced that the final offer price for each H-share is set at HK$436. The Hong Kong public offering received approximately 13,000 applications, representing an oversubscription of about 7.65 times. Among the 7,265 applicants who applied for one lot (50 shares), 2,543 were allocated shares, resulting in an allocation rate of 35%. Applicants subscribing for eight lots were guaranteed one lot. The group was listed on the Hong Kong Stock Exchange at 9 a.m. today. In the Bright Future dark pool trading, the closing price was HK$428, down 1.8% from the offer price, translating to a paper loss of HK$400 per lot.
The 'top subscriber' application involved 593,800 shares, with only one applicant who was allocated 80,000 shares, representing an allocation rate of 13.47%. The Hong Kong public offering maintained its allocation at 10% of the total offering size. Meanwhile, the international offering was oversubscribed by 4.97 times. The group raised approximately HK$517.8 million through the share offering. Given the high concentration of equity among a small number of shareholders, the H-share price may experience significant volatility even with minimal trading volume. (hc)
