10 companies woo retail investors

Staff reporter

Ten companies including Chinese lifestyle retailer Miniso are currently conducting share sales in Hong Kong.

Miniso, which listed in New York in 2020, has kicked off book-building for a secondary listing, aiming to raise up to HK$908 million.

The Guangzhou-based low-cost retailer, which has around 5,000 stores worldwide, is offering 41.1 million shares which will not be higher than HK$22.1 apiece.

The minimum investment is HK$4,465 per board lot of 200 shares.

US-listed Chinese wealth manager Noah also opened its retail books for a secondary listing aiming to raise HK$338 million. The minimum investment is HK$6201.9 for per board lot of 20 shares.

And after kicking off book-building yesterday, Tianqi Lithium has attracted nearly HK$400 million via margin financing.

The lithium giant's share sale, which could raise up to US$2 billion (HK$15.6 billion) if an over-allotment option is exercised, would be the biggest initial public offering in Hong Kong this year.

Meanwhile, Ernst & Young expects Hong Kong IPOs to raise HK$220 billion this year.

The firm said 20 new listings in the city raised a total of HK$17.7 billion in the first half, a 92 percent drop from a year ago, while expecting a rebound in the second half.