Hong Kong saw five new listings on Tuesday, led by Delton Technology, a Chinese manufacturer of high-end printed circuit boards, which saw its retail tranche for its Hong Kong initial public offering oversubscribed 1,072 times, according to brokerage data.
The company has drawn HK$358.1 billion in margin loans, with plans to offer 46 million H shares, raising at most HK$3.31 billion. The offer price is HK$71.88, with each lot of 100 shares. The entry fee is HK$7,260.5.
FS.COM, a globally leading provider of enterprise-grade networking solutions, had its retail tranche for its Hong Kong IPO oversubscribed 513 times, drawing HK$8.74 billion from margin loans.
It plans to offer 40 million H shares, raising at most HK$1.66 billion. The offer price ranges from HK$35.2 to HK$41.6, with each lot of 100 shares. The entry fee is HK$4,201.96.
Platform-based integrated circuit design company Nsing Technologies' retail tranche for its HK IPO oversubscribed 24.2 times.
The company has drawn HK$2.6 billion margin loans, and plans to offer 95 million H shares, raising at most HK$1.03 billion. The offer price is at HK$10.8, with each lot of 200 shares and the entry fee is HK$2,181.78.
Zhejiang Galaxis Technology, an intelligent intralogistics robotics provider, saw its retail tranche for its Hong Kong IPO oversubscribed 10.02 times, drawing HK$750 million from margin loans.
It plans to offer 36.8 million H shares and raise at most HK$750 million. The offer price is between HK$16.4 and HK$20.4, with each lot of 200 shares and HK$4,121.14 entry fee.
Chinese automotive technology company Jiangsu New Vision Automotive Electronics' retail tranche for its Hong Kong IPO was oversubscribed 1.6 times.
The company has drawn HK$200 million from margin loans. It plans to offer 16.23 H shares, raising at most HK$780 million. The offer price ranges from HK$42 to HK$48, with each lot containing 50 shares and an entry fee of HK$2,424.2.
Delton Technology is scheduled to debut on March 20, FS.COM and Nsing Technologies will debut on March 23, whereas Galaxis Technology and New Vision will debut on March 24.
Gloria Leung
