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<IPO>MANYCORE TECH (00068.HK) Margin Oversubscribed by 1,074x, Aiming to Price at Upper Limit
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MANYCORE TECH (00068.HK), which is set to list tomorrow (April 17), has secured HKD131.19 billion in margin financing from brokers, as revealed by consolidated market data. Based on the public offering portion of HKD122 million, the offering was oversubscribed by 1,074 times and is aiming to price at the upper end of the range. MANYCORE TECH, one of the "Six Little Dragons of Hangzhou", plans to issue more than 160 million shares, of which 10% will be offered for public subscription in Hong Kong. The offer price ranges from HKD6.72 to HKD7.62 per share. An entry fee for one board lot (500 shares) was approximately HKD3,848.43. Auto-translated by AI AASTOCKS Financial News |
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