Six companies set to debut in Hong Kong on December 30 closed their retail subscription books on Tuesday, drawing mixed demand.
Artificial intelligence drug discovery firm InSilico Medicine Cayman emerged as the most sought-after offering, attracting about HK$264.3 billion in margin loans and oversubscribing its retail tranche by roughly 1,160 times. The company is also the largest deal among the six, aiming to raise up to HK$2.28 billion.
Premium skincare brand Shanghai Forest Cabin Cosmetics saw around HK$112 billion in margin financing, translating into an oversubscription of about 1,032 times.
Home robotics systems provider OneRobotics (Shenzhen) drew approximately HK$38.6 billion in margin loans, with its retail offering oversubscribed by about 214 times.
Beijing 51WORLD Digital Twin Technology attracted HK$6.3 billion in margin financing, oversubscribing its retail tranche by about 172 times, while prefabricated steel building services provider USAS Building System (Shanghai) recorded an oversubscription of roughly 122 times.
By contrast, Shenzhen Xunce Technology, a real-time data infrastructure and analytics solutions provider, saw more moderate demand, with margin financing of about HK$572 million and its retail portion oversubscribed by around 4.6 times.
