Uju Holding IPO Lock-Up - Would Improve the Liquidity but We Wouldn’t Be Buyers

Smartkarma
2022-04-26

Uju Holding raised US$103m from its Hong Kong IPO in Nov 2021, where the IPO had been priced at the bottom end. The cornerstones and Pre-IPO investors' stake are coming up for lockup expiry.

  • Uju Holding raised US$103m from its Hong Kong IPO in Nov 2021, where the IPO had been priced at the bottom end.
  • The offering was only mildly oversubscribed and the two cornerstones in the deal, Bytedance and Green Better (Xiaomi), had combined to subscribe to 12.6% of the offer shares
  • The cornerstones and Pre-IPO investors' stake are coming up for lockup expiry. The latter will see half of their stakes unlocked, with the remainder locked up for another six months.

By Clarence Chu - https://www.smartkarma.com/profiles/clarence-chu?utm_source=tiger_community

On Uju Holding (1948 HK) - https://www.smartkarma.com/entities/uju-holding?utm_source=tiger_community

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Comments

  • matthew_more
    2022-04-26
    matthew_more

    S‌omeone lost 300k on alibaba in a single day


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  • _J_R_
    2022-04-26
    _J_R_
    Thank you for sharing this
  • whitewolf69
    2022-04-26
    whitewolf69
    thanks for the read
  • JLKang
    2022-04-26
    JLKang
    Wait for uptrend
  • tig2021
    2022-04-26
    tig2021
    ok
  • JasonAngsh
    2022-04-26
    JasonAngsh
    👍
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