TOPNC's Hong Kong Public Offering Oversubscribed by Over 3,700 Times; Net Proceeds from Global Offering Approximately HK$1.606 Billion
Stock News
May 19
TOPNC has announced the allocation results of its global offering. The company issued 65.33 million H shares globally, with the Hong Kong public offering comprising 10% and the international offering 90%. The offer price was set at HK$26.39 per share, and net proceeds from the global offering are approximately HK$1.606 billion. Each board lot consists of 100 shares, and the H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on Wednesday, May 20, 2026. The Hong Kong public offering was oversubscribed by approximately 3,764.63 times, while the international offering was oversubscribed by approximately 30.46 times.
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