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400 billion, this year's largest ipo midea group rang the bell

2024-09-17

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tiantian ipo, an investment community, learned that today (september 17), midea group was officially listed on the hong kong stock exchange. in this ipo, midea group's issue price was hk$54.80 per share, raising more than hk$30 billion.

this time, midea group successfully attracted 18 cornerstone investors including the national development fund ii, byd, boyu capital, cpe yuanfeng, dajia life insurance, tcl industrial, and idg capital, forming a luxurious lineup.

at the opening today, midea's hong kong stocks opened 8% higher, with a total market value of over hk$440 billion. fang hongbo led the team to ring the bell.midea group created the largest ipo of a chinese company this year

founded in shunde district, foshan, guangdong in 1968, midea group started as a township enterprise and embarked on the legendary road of home appliances under the leadership of its soul figure he xiangjian. after more than 50 years of development, midea has become the world's largest home appliance company, with an annual revenue of about 370 billion yuan. although he xiangjian, who is over 80 years old, has long been hidden behind the scenes, he is still the ultimate "decisive person" of this 100 billion yuan giant through the prospectus.

from shunde, foshan

the world's largest home appliance ipo