Financial News
Author: Zhai Ziqian
2020-06-10 08:14
Last update date: 2020-06-10 09:36NetEase (9999), which went back to Hong Kong for listing in the form of a second listing, announced the results of its offering this morning. The final offer price was 123 yuan per share, and the net capital raised was 20.929 billion yuan.
In the public offering, 371,075 valid applications were received, and a total of 1.857 billion shares were subscribed, which was oversubscribed by 359.53 times. Since the public offering has recorded more than 20 times oversubscription, NetEase will initiate a callback mechanism to increase the subscription portion of the public offering to 12% or 20.58 million shares. In the end, the winning rate of 1 lot (100 shares) was 8%, and every 45 lots was stable.
Netease's final offer price was 123 Hong Kong dollars, which is about 3.8% discount to Netease's US stock ADS closing price of $410 on Tuesday.
Click the link to view the IPO results.
[NetEase listing] 55% gross margin is better than Tencent’s two game giants?
Netease's new shares listed