DAHON TECH IPO Sees Margin Oversubscription Reach 6,688x, Likely to Break HK Record
DAHON TECH Public Offering: Folding bike company DAHON TECH closed its public offering with a margin of nearly HKD262.2 billion, indicating an oversubscription of over 6,688 times based on the public offering portion of approximately HKD39.204 million.
Record Oversubscription Expected: The oversubscription is anticipated to surpass the previous record set by MOST KWAI CHUNG in April 2018, which had an oversubscription of 6,288 times.
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MOST KWAI CHUNG Founders Divest Stake at a 42.4% Discount for HKD122 Million
Stake Sale: MOST KWAI CHUNG plans to sell its stake, with founders Iu Kar Ho and Luk Ka Chun selling 175.5 million shares (65% of the company) at HKD0.6963 per share, a 42.4% discount from the last closing price before trading suspension.
Transaction Details: The shares were sold to Brave Steed Legacy Limited for a total of HKD122 million, implying an overall valuation of MOST KWAI CHUNG at HKD188 million.
DAHON TECH IPO Sees Margin Oversubscription Reach 6,688x, Likely to Break HK Record
DAHON TECH Public Offering: Folding bike company DAHON TECH closed its public offering with a margin of nearly HKD262.2 billion, indicating an oversubscription of over 6,688 times based on the public offering portion of approximately HKD39.204 million.
Record Oversubscription Expected: The oversubscription is anticipated to surpass the previous record set by MOST KWAI CHUNG in April 2018, which had an oversubscription of 6,288 times.
MOST KWAI CHUNG Founders Divest Stake at a 42.4% Discount for HKD122 Million
Stake Sale: MOST KWAI CHUNG plans to sell its stake, with founders Iu Kar Ho and Luk Ka Chun selling 175.5 million shares (65% of the company) at HKD0.6963 per share, a 42.4% discount from the last closing price before trading suspension.
Transaction Details: The shares were sold to Brave Steed Legacy Limited for a total of HKD122 million, implying an overall valuation of MOST KWAI CHUNG at HKD188 million.
DAHON TECH IPO Sees Margin Oversubscription Reach 6,688x, Likely to Break HK Record
DAHON TECH Public Offering: Folding bike company DAHON TECH closed its public offering with a margin of nearly HKD262.2 billion, indicating an oversubscription of over 6,688 times based on the public offering portion of approximately HKD39.204 million.
Record Oversubscription Expected: The oversubscription is anticipated to surpass the previous record set by MOST KWAI CHUNG in April 2018, which had an oversubscription of 6,288 times.
