Guangzhou Xiao Noodles Catering received HK$250 million in margin finance, making its retail tranche 3.6 times oversubscribed.
The noodle maker plans to raise up to HK$685 million, with an offer price ranging from HK$5.64 to HK$7.04.
Cornerstones investors included HHLR Advisors, part of the Hillhouse Group, Dream’ee (Hong Kong) Open-ended Fund Company, Guotai Junan Investments, and Haidilao International's (6862) wholly owned subsidiary Hai Di Lao in Singapore, investing US$22 million (HK$171 million) in total.
Guangdong Tianyu Semiconductor drew in HK$480 million, with retail tranche 2.7 times oversubscribed. The silicon carbide epitaxial wafer manufacturer aimed to raise HK$1.74 billion.
In the gray market, Hebei Haiwei Electronic New Material Technology rose 2.7 percent from its offer price in Futu Securities' platform ahead of its debut today, giving a paper gain of HK$76 per board lot of 200 shares.
