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<IPO>Robotics Firm YUNJI (02670.HK) to List in HK under Chapter 18C; Entry Fee $4,828
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Service robotics company YUNJI (02670.HK) is listing in Hong Kong under Chapter 18C, becoming another specialist technology IPO in Hong Kong. YUNJI planned to offer 6.9 million H-shares globally, with 5% (approx. 345,000 shares) for Hong Kong public offering and 95% (approx. 6.555 million shares) for international placement. The offer price is $95.6 per share, aiming to raise approx. $660 million. The entry fee for a board lot of 50 shares is around $4,828.21. CITIC Securities and CCBI are its joint sponsors. YUNJI's offering period starts today (8th), and will end at noon next Monday (13th), with the listing expected next Thursday (16th). The Company has previously undergone 8 rounds of financing, attracting investors such as Lenovo Foundation, BABA-W (09988.HK)(BABA.US), TENCENT (00700.HK), Qiming Venture Partners and TRIP.COM-S (09961.HK)(TCOM.US). Assuming the over-allotment option is not exercised, Lenovo Foundation/ BABA-W/ TENCENT/ TRIP.COM-S are estimated to hold 3.8%/ 2.65%/ 8.18%/ 2.42% of YUNJI post-listing respectively, according to the prospectus. AASTOCKS Financial News Website: www.aastocks.com |
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