news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

image source: visual china

blue whale news, august 20 (reporter wang jianwen)after two submissions, midea group (000333.sz) will finally be listed on the hong kong stock exchange.

on the morning of september 9, midea group announced that it would issue 492 million shares on the hong kong stock exchange, with an issue price between hk$52.00 and hk$54.80 per share, and it is expected to be listed on september 17. based on this calculation, midea group will become the largest ipo in hong kong stocks in the past three years.

although the issue price of hong kong stocks is about 20% lower than that of a shares, judging from the margin multiples of the public offering, the current subscription sentiment among retail investors is still relatively cold.

judging from the purpose of the ipo funds raised, midea group's intention to go public in hong kong and increase its overseas business is obvious. previously, the company relied on acquiring well-known brands to open up overseas markets, but its performance is still far from the goal of 40 billion yuan in overseas business revenue by 2025. even if it successfully goes public in hong kong, whether the company's overseas business can achieve rapid development in the future remains to be seen.

the largest ipo in the past three years is coming, but retail investors are not enthusiastic about buying