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【hotspot】with midea group set to list on the hong kong stock market next week, and like haier smart home, both of them have a listing platform on the hong kong stock exchange, only gree electric appliances, one of the three major home appliance giants, is sticking to the a-share market.

on the morning of september 9, midea group (000333) announced on the hong kong stock exchange that it plans to issue 492 million h shares globally, of which approximately 24.61 million shares will be offered in hong kong and approximately 468 million shares will be offered internationally, with an offering price of hk$52 per share to hk$54.8 per share.

at the close of trading on september 6, midea group's share price was 63 yuan, which is about 57 hong kong dollars. this means that even if it is issued at the highest price of 54.8 hong kong dollars, there is a certain discount compared to the a-share price. if it is issued at 52 hong kong dollars, it is almost 10% off.

this led to a decline in midea group's a-share trading on september 9, as investors were not enthusiastic enough to go long.

if the sponsor of midea group's hong kong ipo sells well, with the upper limit price of hk$54.8 per share, midea group will raise a maximum of about hk$27 billion, undoubtedly becoming the largest ipo in hong kong this year. previously, the largest ipo in hong kong was cha baidao, which raised less than hk$2.6 billion. midea group's fundraising scale has increased 10 times.