<IPO>GUMING Reportedly Raise Shr Issuance to 180M+ Shrs Priced at Upper Limit
Chinese tea brand GUMING (01364.HK) has priced its IPO in Hong Kong at $9.94 per share, the top...
Chinese tea brand GUMING (01364.HK) has priced its IPO in Hong Kong at $9.94 per share, the top of the offering range of $8.68 to $9.94, according to Reuters, citing a sales filing.
Due to enthusiastic investor response, GUMING will exercise the offer size adjustment option to issue an additional 23.7916 million new shares, increasing the total global offering from nearly 159 million shares to 182 million shares, with the fundraising amount reaching $1.813 billion.
In addition, the ratio of Hong Kong public offering and international placement has also been adjusted from the original 10% and 90% to 43.5% and 56.5%.
(HK stocks quote is delayed for at least 15 mins.)
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