Chongqing Genori Technology Activates Clawback As IPO Gets Oversubscribed

MT Newswires Live06-18 12:02

Chongqing Genori Technology's (SHA:688797) online investors subscribed for 12.4 million shares for 552.2 million yuan following the activation of its share clawback mechanism due to oversubscription of its initial public offering, according to a Thursday filing with the Shanghai bourse.

Institutional offline investors subscribed for 18.6 million shares for 830.3 million yuan.

Sponsor and lead underwriter CITIC Securities (HKG:6030, SHA:600030) underwrote 31,020 shares for 1.4 million yuan.

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