BAIGE ONLINE(02672.HK): IPO Subscription Period Concludes, Margin Oversubscription Hits Over 51 Times, Listing Scheduled for 29 June
NewTimeSpace News: The IPO subscription period of Baige Online Digital Technology Co., Ltd. (02672.HK) closed on 24 June. As of 10 a.m., total margin subscription funds reached approximately HK$3.523 billion, representing an oversubscription multiple of around 51 times against the HK$680 million public offering fundraising size. The Company’s grey market trading is scheduled for 26 June, with formal listing on the Main Board of the Hong Kong Stock Exchange slated for 29 June.
NewTimeSpace News: Baige Online Digital Technology Co., Ltd. (02672.HK) wrapped up its IPO subscription period on 24 June 2026. As of 10 a.m., aggregate margin subscription funds stood at roughly HK$3.523 billion, translating to an oversubscription multiple of about 51 times based on the HK$680 million public tranche fundraising amount.
The IPO subscription window ran from 18 June to 24 June. The offer price range is HK$15.6 to HK$20.28 per share, with each board lot consisting of 200 shares and a minimum entry cost of HK$4,096.91 per application. The Company offered 33.34 million H-shares under the global offering, including 3.33 million shares for public subscription, raising approximately HK$541 million in total gross proceeds.
Baige Online is an InsurTech firm. Measured by total premium volume in 2025, it ranks first among third-party scenario-based internet insurance intermediaries in China with a market share of 3.1%. The Company’s grey market trading will commence on 26 June, and its official listing on the HKEX Main Board is set for 29 June.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
Tags：
