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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments