XUNLONG SCITECH IPO Oversubscribed Over 2,100 Times in Hong Kong Offering, Final Price Set at HK$75.5 Per Share

Stock News
06/29

XUNLONG SCITECH (HKEX: 06715) has announced the allocation results for its global offering. The company issued a total of 16.3329 million H shares globally, with the Hong Kong public offering portion accounting for 10% and the international offering making up the remaining 90%.

The final offer price has been set at HK$75.5 per share. The net proceeds from the global offering are estimated to be approximately HK$1.146 billion.

Each board lot consists of 100 shares. The H shares are expected to commence trading on the Main Board of The Stock Exchange of Hong Kong Limited at 9:00 a.m. on Tuesday, June 30, 2026.

The Hong Kong public offering was heavily oversubscribed, receiving valid applications for approximately 2,134.81 times the number of H shares initially available. The international offering was also oversubscribed, receiving valid applications for about 19.87 times the number of H shares initially available under that portion.

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