Auntea Jenny attracts over $60b margin loans

The retail portion of Auntea Jenny (Shanghai) Industrial Company’s initial public offering has been oversubscribed more than 2,212 times, with margin financing orders reaching HK$60.35 billion, according to broker data released on Thursday.

Among brokers, Futu Securities accounted for HK$34 billion in margin loans, while Phillip Securities and Tiger Brokers lent HK$10 billion and HK$3.9 billion, respectively.

The Chinese bubble tea brand plans to issue 2.413 million shares in Hong Kong, with 10 percent allocated to the public offering.

The beverage company is set to close its retail book on Friday, with margin financing closing on Thursday night.

With an indicative price of HK$95.57 to HK$113.12 apiece, the IPO is valued at as much as HK$273 million. 

STAFF REPORTER