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midea group launches the largest ipo of the year in hong kong

2024-09-10

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source: media roll

source: beijing business daily

the largest ipo of the year in hong kong stocks is here! in the morning of september 9, midea group (000333) disclosed an announcement that the company's h-share public offering in hong kong will start on september 9, and is expected to end on september 12, and the issue price is expected to be announced on september 13. it is understood that midea group expects to receive a net amount of approximately hk$25.972 billion from the global offering. once midea group is listed, the hong kong stock market will have another "general". prior to this, according to ifind statistics from tonghuashun, 44 stocks have been listed in the hong kong stock market this year, among which the one with the highest amount of funds raised is cha baidao, with a total amount of funds raised of approximately hk$2.586 billion, which also means that midea group will become the largest ipo of the year in hong kong stocks.

net proceeds raised: nearly hk$26 billion

according to midea group, the company is carrying out relevant work to issue h shares and list on the main board of the hong kong stock exchange. the ipo will be held from september 9 to 12, and the h shares are expected to be listed on september 17.

midea group said that the company's h-shares basic issuance number for this global offering is about 492 million shares, of which about 24.6068 million shares are initially arranged for public offering in hong kong, accounting for about 5% of the total global offering; about 468 million shares are initially arranged for international offering, accounting for about 95% of the total global offering. the price range of the company's h-share issuance is initially determined to be hk$52-54.8.