Qunabox Surges 32% in Hong Kong Debut

MT Newswires Live05-27

Qunabox Group (HKG:0917) made a stellar trading debut in Hong Kong Monday morning as its shares soared 32% at the opening bell.

The marketing service provider opened at HK$33 per share, well above its IPO price of HK$25.

The operator of interactive vending machines in China issued 19.7 million shares at HK$25 apiece, below its guidance of as much as HK$29.70 each. It raised HK$420.5 million in net proceeds.

According to a late Friday disclosure, 1.97 million shares were issued under the dealâs Hong Kong public offering portion, while 17.7 million shares were issued under the international offering portion.

The company allotted 3.1 million IPO shares to Golden Future LPF, a cornerstone investor.

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