[Chinese stocks go home] Netease's sale to European and American investors partly cut off early

Financial News

Written by: Zhang Weilun

2020-06-04 13:40

NetEase (9999), which has been offering shares since Tuesday, has responded satisfactorily. As of yesterday, the margin subscription amount of its public offering has reached nearly 49 billion yuan, an excess of 74 times. Today, the foreign news agency also reported that the company's sale to European and American investors will be terminated early.

"Bloomberg" reported that NetEase's sale to European and American investors will be terminated early at noon today, while the sale to Asian investors will still be at 4 pm today.

The report also pointed out that Netease has been oversubscribed many times this time.

As for Netease's final pricing, it is still decided before the market opens on Friday.

NetEase's current offer price cap is 126 yuan, based on the issuance of 171 million shares, and the amount of funds raised is 21.6 billion yuan. The company has 100 shares per lot and an entrance fee of 12,727 yuan, which will be listed on the 11th of this month.

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