news

443.1 billion, the largest ipo on the hong kong stock exchange this year is here

2024-09-17

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

home appliance giants are not just about industry.

on the mid-autumn festival, hong kong stocks welcomed a super ipo!

on september 17, midea group (00300.hk, hereinafter referred to as "midea") was officially listed on the hong kong stock exchange. based on the issue price of hk$54.8 per share and the public offering of 492 million shares in hong kong stocks, the amount of funds raised by midea group in hong kong stocks reached hk$27 billion, which not only became the largest ipo in hong kong stocks this year, but also raised ten times more than tea house, which set a new record in hong kong stocks in the first half of the year with hk$2.586 billion. in addition, midea also became the second white goods company to be listed on both the "a+h" markets after haier smart home.

this super ipo, wearing the "crown" of the white goods industry and holding hundreds of billions of cash, deserves to be chased by cornerstone investors like a star.

the prospectus disclosed that many well-known institutions participated in midea's ipo. among them, 18 cornerstone investors subscribed for 36.2% of the shares, with a total subscription amount of up to us$1.256 billion. these cornerstone investors are quite luxurious, including sequoia china and sequoia china public market investment fund, cosco shipping, ubs, national development and reform commission ii, byd's wholly-owned fund golden link, tcl industrial, idg capital, etc.