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09/12/2022 18:35

{New Stock}HOWKINGTECH ends down 16.12% on grey market

[ET Net News Agency, 09 December 2022] HOWKINGTECH (02440) will be listed next Monday
(12th). It is closed at HK$2.29 on Phillip's grey market, 16.12% lower than the IPO price
of HK$2.73. Based on 1,000 shares per lot, excluding handling fees, the book value loss
per lot is HK$440. It is currently at HK$2.32 on Bright Smart's grey market, 15.02% lower
than the IPO price. The book value loss per lot is HK$410.
The public offering of the stock was oversubscribed by 95.73 times. The winning rate of
one lot was 10%. One lot was distributed for subscription of 20 lots. The price is based
on the lower limit of the offer price ranging from HK$2.73 to HK$3.28. (ed)

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