Transwarp's Hong Kong IPO Attracts 73.86 Times Oversubscription, Raising HK$629 Million in Net Proceeds

Stock News19:48

Transwarp (06727) has announced the allotment results for its Hong Kong public offering, which formed part of its global share sale. The company offered a total of 14.0108 million H shares globally, with 20% allocated to the Hong Kong public offering and the remaining 80% to the international placement.

The final offer price was set at HK$49 per share, resulting in net proceeds of approximately HK$629 million from the global offering. Each board lot consists of 100 shares, and the H shares are expected to commence trading on the Stock Exchange of Hong Kong at 9:00 a.m. (Hong Kong time) on Monday, September 21, 2026.

Demand for the Hong Kong public offering was exceptionally strong, with the tranche being oversubscribed by 73.86 times. Meanwhile, the international placement also saw healthy interest, achieving an oversubscription rate of 1.42 times.

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