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Chengdu Ultra Pure Applied Materials' Shanghai IPO Retail Portion Oversubscribed 12,190 Times

MT Newswires Live
Aug 03

Chengdu Ultra Pure Applied Materials (SHE:301717) saw the retail portion of its Shanghai Stock Exchange ChiNext board listing oversubscribed 12,190 times, according to a Shanghai bourse filing on Monday.

The retail offering drew 14.7 million valid online subscription orders applying for 65.2 billion shares out of the 5.3 million shares allocated in the online portion.

Following the activation of the clawback mechanism, the final online offering size was increased to 9 million shares, accounting for 49% of the IPO.

The size of the final offline offering, or the institutional portion, was 9.3 million shares, or 51% of the total IPO size.

The semiconductor equipment maker will hold the lottery draw Monday, Aug. 3, with results out the next day.

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