Stock Track | BBSB INTL Soars 358.33% on Debut as IPO Attracts Strong Investor Demand

Stock Track

01/13

BBSB International Ltd (08610.HK) saw its stock price surge by 358.33% during the intraday session on its debut on the Hong Kong Stock Exchange's GEM board.

The company raised HK$50 million from its initial public offering, with the final offer price set at HK$0.60 per share, the bottom of the indicated range. The public offer was oversubscribed by 10,745.13 times, reflecting strong investor interest. Cornerstone investors Choy Joo Seong and Tan Nam Joo were allotted a combined 18.66% of the offer shares.

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