Key Takeaways:
- ANKER priced its H-share IPO at HKD99.32 per share
- The over-allotment option was not exercised and has lapsed
- Fees include a 1% brokerage commission and multiple transaction levies
Back
ANKER sets H-share IPO at HKD99.32 as over-allotment option lapses
ANKER (00668.HK) set its H-share IPO offer price at HKD99.32 apiece, with the over-allotment option lapsing unexercised.
"HK stocks' fundamentals have confirmed an inflection point, but market confidence and fund flows have yet to form a synergy," China Galaxy Securities said in a note.
The price excludes a 1% brokerage commission, a 0.0027% Securities and Futures Commission transaction levy, a 0.00565% Stock Exchange trading fee and a 0.00015% Accounting and Financial Reporting Council transaction levy. The over-allotment option was not exercised and may not be exercised on any subsequent date, the company said.
The pricing comes as Hong Kong's IPO market navigates a recovery. The company did not disclose the total deal size, cornerstone investor commitments or use of proceeds. The listing date and lead underwriters also remain undisclosed.
The pricing gives ANKER a valuation that will be tested on its first trading day. Investors will watch for trading volume and price stability to gauge institutional demand for new H-share listings.
This article is for informational purposes only and does not constitute investment advice.
