BAOGAI's Public Offering Oversubscribed by Over 3,000 Times, Sets Final Price at HK$6.22 Per Share

Stock News07-07 20:38

BAOGAI (08090) has announced the final allotment results for its initial public offering. The company issued a total of 14.47 million H shares globally, with 10% of the offering allocated to the public subscription tranche and the remaining 90% to the placement tranche.

The final offer price has been set at HK$6.22 per share. The net proceeds from the global offering are expected to be approximately HK$69.4 million.

Each board lot consists of 500 shares. Trading of the company's shares on the Stock Exchange is scheduled to commence at 9:00 a.m. on Wednesday, July 8, 2026.

The public offering portion was significantly oversubscribed, receiving applications for approximately 3,015.69 times the number of shares available. The placement tranche was also oversubscribed, receiving applications for about 1.26 times the shares offered.

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