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source: @jiangmeng news weibo

image source: interface gallery

the largest ipo in hong kong stocks this year is here.

on september 17, midea group (00300.hk) was listed on the hong kong stock exchange, becoming the largest ipo on the hong kong stock exchange in the past three years.

as of the close of the day, midea group's share price closed at hk$59.1 per share, an increase of 7.85% compared to the issue price.

midea group has been going public in hong kong for more than a year. in august last year, the company first announced that it would go public in hong kong for the second time; in october of the same year, the company submitted a listing application to the hong kong stock exchange; in april this year, it submitted a second application to the hong kong stock exchange and passed the hearing of the hong kong stock exchange in august.

the announcement shows that midea group's global offering is about 566 million h shares, with 28.2928 million shares (about 5%) publicly offered in hong kong and 538 million shares (about 95%) placed internationally. the final offering price is hk$54.8 per share, and the global offering netted hk$30.668 billion.