Financial News
Written by: Zhang Weilun
2020-08-26 11:59
Last update date: 2020-08-26 11:59Nongfu Spring (9633), a mainland bottled water company with Moutai in the water, is conducting a IPO in Hong Kong. Market participants have responded very well. Yesterday was the first day of IPO, and the market had lent more than RMB 150 billion in margins. According to market news, the international placement will be closed one day earlier to Thursday (27th).
Nongfu Spring's public offering will close on Friday (28th). The company issued 388 million shares in Hong Kong, of which 7% was for public offering, and international placement accounted for 93%. The offer price ranged from RMB 19.5 to RMB 21.5. The maximum fund raised was RMB 8.35 billion. Each board lot of 200 shares cost approximately RMB 4,343. Listed on August 8.
The company has introduced six cornerstone investors, including Singapore Government Investment Corporation (GIC), Fidelity Fund, and China State-owned Enterprise Structural Adjustment Fund, etc., who subscribed for a total of US$290-320 million in shares.
Nongfu Spring|The first day of IPO, the capital freezes up to nearly 150 billion yuan
Nongfu Spring reserves 100 billion yuan for the IPO margin, "Nature's Money Printing Machine", and the cost of water only accounts for 0.6%
It is rumored that Nongfu Spring will IPO next Monday and many brokerage firms have prepared more than 10 billion funds for margin subscription
[Moutai in the water] Nongfu Spring is starting today with an admission fee of RMB 4343
Nongfu Spring's new stock listing