NEXCHIP(02249.HK): IPO Subscription Period Closes Today, Public Tranche Margin Oversubscribed by Nearly 120 Times
NewTimeSpace News: The IPO public subscription period of NEXCHIP SEMICONDUCTOR (CHINA) LIMITED (02249.HK) concluded today (7 July). As at 8 a.m. today, aggregate margin subscription funds reached approximately HK$84.314 billion, versus HK$698 million of targeted public offering fundraising, representing a margin oversubscription multiple of around 119.76x. The indicative offer price range stands at HK$30 to HK$32.3 per share, with each board lot comprising 100 shares and an entry cost of roughly HK$3,262.57. The Company is scheduled to commence trading on 10 July.
NewTimeSpace News: NEXCHIP SEMICONDUCTOR (CHINA) LIMITED closed its IPO public subscription period on 7 July 2026, with its official listing date slated for 10 July 2026.
As disclosed in the prospectus, the indicative offer price range is HK$30 to HK$32.3 per share, each trading lot consists of 100 shares, and the entry cost is approximately HK$3,262.57 (calculated based on the top end of the offer price range). The total number of offer shares under the global offering is around 216.16 million, including roughly 21.61 million shares reserved for Hong Kong public offering, with total gross proceeds of approximately HK$6.536 billion.
Market subscription demand remained robust. As at 8 a.m. today, brokers extended aggregate margin loans totalling HK$84.314 billion. Relative to the HK$698 million fundraising target of the public tranche, the margin oversubscription multiple hit about 119.76 times. Grey market trading is expected to kick off on 9 July.
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