Lingyi Itech's Hong Kong IPO Oversubscribed 96 Times, Raising Approximately HK$8.15 Billion Net

Stock News
Jun 25

Lingyi Itech (SEHK: 01688) has announced the allotment results for its initial public offering. The company offered a total of 812 million H shares globally, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The final offer price was set at HK$10.18 per share, resulting in net proceeds of approximately HK$8.152 billion from the global offering. Each board lot consists of 660 shares. The H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on Friday, June 26, 2026 (Hong Kong time).

The Hong Kong public offering portion was significantly oversubscribed, receiving applications for approximately 96.16 times the shares available. The international offering was also oversubscribed, receiving applications for about 10.27 times the shares offered.

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