Market Chatter: Mao Geping Cosmetics' Hong Kong IPO Oversubscribed 130 Times

MT Newswires Live2024-12-04

Mao Geping Cosmetics' (HKG:1318) initial public offering in Hong Kong was oversubscribed 130 times after receiving orders for shares worth HK$27.5 billion from retail investors, The Standard reported Wednesday.

The cosmetics company is offering 70,588,200 shares at HK$26.30 to HK$29.80 apiece, expecting to raise up to HK$2.10 billion, the report said.

Meanwhile Dmall's (HKG:2586) retail portion of its IPO was oversubscribed 0.3 times to reach HK$106 million while Shanghai REFIRE's (HKG:2570) subscriptions reached HK$66.4 million, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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