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<IPO>CATL HK IPO Size Expands to US$4.6B w/ Pricing at $263: Wire
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CATL (03750.HK)'s Hong Kong IPO will be priced at $263, and will exercise its volume adjustment right to increase the number of offering shares by about 17.7 million, meaning that the size of the offering has been enlarged to 135.6 million shares, with a fundraising amount of US$4.6 billion, Bloomberg quoted transaction terms as saying. If CATL ultimately exercises the over-allotment option, the total fundraising amount could reach up to US$5.3 billion. The IPO period for CATL ended at noon yesterday (15th). Margin received by CATL's IPO from brokers amounted to $282.2 billion, representing an incline in margin oversubscription to 120x based on the public offering portion raising $2.325 billion, according to consolidated market data. The IPO results are expected to be announced next Monday (19th), with the stock set to debut on next Tuesday (20th). AASTOCKS Financial News Website: www.aastocks.com |
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