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Ant's IPO | The IPO will start on Tuesday, with a wave of subscriptions in the past 20 years. I must remember TOM.COM

2020-10-26T16:48:03.934Z

The enthusiastic Ant Group (stock code 6688), which is popular in the market, started its IPO today (27th) and raised a total of 133.6 billion yuan, breaking the world record. In the past two decades, many new stocks in the Hong Kong stock market have set off a boom when they went public. Among them, the most striking and impressive is the CK Hutchison electronic stock tom.com (now known as TOM Group, stock code 2383), which was listed 20 years ago, which attracted 300,000 people in line even if it had to personally receive the watch. There was a surge of people outside the bank, oversubscribed by 669 times. In recent years, China Reading Group, Alibaba, Ping An Good Doctor, and even this year's Nongfu Spring have all attracted the attention of the public, making the whole city into a "new stock fever."



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Written by: Wang Jien and Deng Yinglin

2020-10-27 00:32

Last update date: 2020-10-27 00:37

Ant Group (stock code 6688), which is popular in the market, began its IPO today (27th), raising a total of 133.6 billion yuan, breaking the world record.

In the past two decades, many new stocks in the Hong Kong stock market have set off a boom when they went public.

Among them, the most striking and impressive is the CK Hutchison electronic stock tom.com (now known as TOM Group, stock code 2383), which was listed 20 years ago, which attracted 300,000 people in line even if it had to personally receive the watch. There was a surge of people outside the bank, oversubscribed by 669 times.

In recent years, China Reading Group, Alibaba, Ping An Good Doctor, and even this year's Nongfu Spring have all attracted the attention of the public, making the whole city into a "new stock fever."

Tom.com caused a wave of subscriptions when it went public 20 years ago.

(TOM Group website)

Tom.com

tom.com oversubscribed 669 times the form to 100 yuan

CK Hwa Department of Science and Technology Network Stock "tom.com" (now known as TOM Group, stock code 2383).

Tom.com donated 800,000 yuan that year, in exchange for the GEM listing number "8001", known as "sugar and gold". It was listed on March 1, 2000. The offer price is only 1.78 yuan and the entrance fee is 3,560 yuan.

It was difficult to find a single form at the time of the IPO. According to media reports, 500,000 application forms issued on the first day were still insufficient. There was even a "scalper" speculation form with an asking price of as high as 100 yuan.

When reviewing the grand IPO, news clips described the long queue outside HSBC branches, and even more than 300,000 people lined up to submit the form.



The legislative council also discussed how crazy people are about tom.com's IPO. According to the "Tom.com Limited IPO Information Document" at the meeting of the Government Financial Services Committee, tom.com oversubscribed by 669 times, and the first day's listed stock price rose Up to 4.8 times.

However, the stock price peaked at 15.35 yuan 6 days after listing, and fell by 70% in the following quarter, and the dot-com bubble burst.

TOM Group is a member of CK Hutchison Industrial Co., Ltd., and the craze of the Internet technology that year has made tom.com a gold medal.

According to the company’s webpage, current technology-related operations include e-commerce, social networking, and mobile Internet; strategic investment covers financial technology and advanced big data analysis; media business covers operating publishing and advertising.

The group is headquartered in Hong Kong, and its regional headquarters are located in Beijing and Taipei, employing approximately 1,300 employees.

China Reading Group caused an upsurge in its IPO in Hong Kong and once ranked among the top ten frozen capital kings in the history of Hong Kong stocks.

(Profile picture)

Reading Group

Reading Group subscribed for 100 lots to secure one lot

The online literature platform "Reading Group" (stock code 772), which was spun off by Tencent, was listed on the 11th, 2017. It attracted a frenzy in the market at that time. The admission fee per lot was about 11,111 yuan. At that time, about 418,000 people subscribed. The offering was oversubscribed by more than 620 times, and only one lot was obtained after subscribing for 100 lots. It was hailed as the most popular new stock from 2009 to that year.

Ping An Good Doctor still recorded a loss of 730 million yuan last year, a loss of nearly 20% year-on-year.

(Profile picture)

Ping An Good Doctor

Ping An Health Medical Technology (01833, referred to as Ping An Good Doctor), spun off by Ping An Insurance (stock code 2318), was first listed on May 4, 2018. The admission fee is about 5,535 yuan. The public offering was subscribed by 225,000 people, which was oversubscribed 653 times, the frozen capital is about 376 billion yuan.

However, the first day was flat, which caused the investors who borrowed the margin to enter the flight to lose their budget, and the interest and handling fee would lose more than 100,000 yuan at any time. 

Xiaomi's (1810) IPO response was not as expected.

﹙Reuters﹚

Xiaomi

Xiaomi's first hand lottery rate reaches 100%

Xiaomi (stock code 1810) was listed on July 9, 2018.

At the time of the public offering, Li Ka-shing, a senior adviser from the Changhe Department, used approximately HK$235 million to "fly in" through his own fund. It was also reported that Tencent Chairman Ma Huateng and Alibaba founder Jack Ma had personally purchased shares of Xiaomi.

However, under the "celebrity effect", the final public sale attracted about 110,000 participations, the oversubscription was only 8.5 times, and the first-hand lottery rate reached 100%.

Alibaba (9988) will conduct a secondary listing in Hong Kong in 2019, and the admission fee is about 18,989 yuan.

(Profile picture)

Alibaba

Alibaba's second listing is not as good as the first listing

Alibaba (stock code 9988) will conduct a secondary listing in Hong Kong in 2019, and the admission fee is about 18,989 yuan.

According to the results of the IPO at the time, about 216,000 valid applications were received for the public offering, which was oversubscribed by about 41.4 times. It was the most subscribed new shares that year. If you applied for 5 lots, you could get 1 lot.

As early as 2007, Ali's B2B business Alibaba Network (listing number 1688 that year) was also listed in Hong Kong.

At that time, the competition was even more intense. In the public sale, more than 560,000 applications were received, which was about 257 times the over-purchase.

However, five years after listing, it was announced that it had passed privatization in February 2012 and then delisted.

The domestic market share of Nongfu Spring's packaged drinking water ranks first, accounting for 20.9%.

(Profile picture)

Nongfu Spring

Nongfu Spring becomes the "Frozen Capital King"

At the beginning of last month, it landed on the Hong Kong stock Nongfu Spring (stock code 9633), and the entrance fee was about 4343 yuan.

The public offering received nearly 708,000 applications, oversubscribed 1,147 times, and frozen capital of 670.9 billion yuan. It became the "free capital king" of new stocks in Hong Kong's history. It was higher than the frozen capital of China Reading (0772), which was listed in 2017, of 521.1 billion yuan, breaking 12. A record of 535.4 billion yuan set by China Railway Construction (1186) years ago.

01News

Ant Group IPO Reading Group

Source: hk1

All news articles on 2020-10-26

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