Cofoe Medical Technology kicks off $1.06 bln IPO

Cofoe Medical Technology kicked off bookbuilding for its initial public offering in Hong Kong on Monday, aiming to raise up to HK$1.06 billion.

The home care medical devices provider plans to offer 27 million H shares, with the maximum offer price at HK$39.33. 

The top offer price represents a 36.4 percent discount of the latest closing price of its Shenzhen-listed shares.

It requires an entry fee of HK$3972.7 per board lot of 100 shares.

Huatai International and BNP Paribas are joint sponsors for the IPO.

Cofoe is expected to debut on May 6.

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