Fangzhou Raises $67 Million in Hong Kong IPO Ahead of Debut

MT Newswires Live07-09

Fangzhou (HKG:6086) raised about HK$67.1 million in net proceeds from its initial public offering in Hong Kong after pricing the shares near the higher end of the indicative price range, according to a Monday filing with the Hong Kong bourse.

The chronic disease management services provider issued 23.8 million shares at HK$8.18 apiece, below the upper limit of its targeted range of HK$7.60 to HK$8.36 per share.

The Hong Kong or public offering portion of the transaction was 16.63 times oversubscribed, prompting the company to issue 7.1 million shares, with another 4.8 million shares allotted.

The international or placing shares were 1.66 times oversubscribed, and the firm issued about 16.7 million shares.

If the overallotment option is exercised in full, the issuer will raise about HK$29.2 million more from the IPO.

Fangzhou will start trading on the Hong Kong bourse on Tuesday.

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2450056887?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-09 09:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2450056887","market":"fut","top_or_hot":-1,"title":"Fangzhou Raises $67 Million in Hong Kong IPO Ahead of Debut","media":"MT Newswires Live","content":"<html><body><p> Fangzhou (HKG:6086) raised about HK$67.1 million in net proceeds from its initial public offering in Hong Kong after pricing the shares near the higher end of the indicative price range, according to a Monday filing with the Hong Kong bourse.</p><p>The chronic disease management services provider issued 23.8 million shares at HK$8.18 apiece, below the upper limit of its targeted range of HK$7.60 to HK$8.36 per share.</p><p>The Hong Kong or public offering portion of the transaction was 16.63 times oversubscribed, prompting the company to issue 7.1 million shares, with another 4.8 million shares allotted.</p><p>The international or placing shares were 1.66 times oversubscribed, and the firm issued about 16.7 million shares.</p><p>If the overallotment option is exercised in full, the issuer will raise about HK$29.2 million more from the IPO.</p><p>Fangzhou will start trading on the Hong Kong bourse on Tuesday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fangzhou Raises $67 Million in Hong Kong IPO Ahead of Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFangzhou Raises $67 Million in Hong Kong IPO Ahead of Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-09 09:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fangzhou (HKG:6086) raised about HK$67.1 million in net proceeds from its initial public offering in Hong Kong after pricing the shares near the higher end of the indicative price range, according to ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06086","symbol_name":"方舟健客","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2450056887","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2450056887","pubTimestamp":1720490310,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fangzhou  raised about HK$67.1 million in net proceeds from its initial public offering in Hong Kong after pricing the shares near the higher end of the indicative price range, according to a Monday filing with the Hong Kong bourse.The chronic disease management services provider issued 23.8 million shares at HK$8.18 apiece, below the upper limit of its targeted range of HK$7.60 to HK$8.36 per share.The Hong Kong or public offering portion of the transaction was 16.63 times oversubscribed, prompting the company to issue 7.1 million shares, with another 4.8 million shares allotted.The international or placing shares were 1.66 times oversubscribed, and the firm issued about 16.7 million shares.If the overallotment option is exercised in full, the issuer will raise about HK$29.2 million more from the IPO.Fangzhou will start trading on the Hong Kong bourse on Tuesday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06086":"方舟健客"},"translate_title":"方舟在香港IPO上市前筹集6700万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06086":0.9},"content_text":"Fangzhou (HKG:6086) raised about HK$67.1 million in net proceeds from its initial public offering in Hong Kong after pricing the shares near the higher end of the indicative price range, according to a Monday filing with the Hong Kong bourse.The chronic disease management services provider issued 23.8 million shares at HK$8.18 apiece, below the upper limit of its targeted range of HK$7.60 to HK$8.36 per share.The Hong Kong or public offering portion of the transaction was 16.63 times oversubscribed, prompting the company to issue 7.1 million shares, with another 4.8 million shares allotted.The international or placing shares were 1.66 times oversubscribed, and the firm issued about 16.7 million shares.If the overallotment option is exercised in full, the issuer will raise about HK$29.2 million more from the IPO.Fangzhou will start trading on the Hong Kong bourse on Tuesday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2450056887"}