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Midea opened high on its first day of listing! What is your strategy now?
Mainland home appliance giant midea group co., ltd today (17th) landed on the Hong Kong Stock Exchange on the Mid-Autumn Festival, with an o
Mainland home appliance giant midea group co., ltd today (17th) landed on the Hong Kong Stock Exchange on the Mid-Autumn Festival, with an opening price of 59.2 yuan, compared to the listing price of 54.8 yuan, up 4.4 yuan or 8.03% for 100 shares, excluding handling fees and commissions, each hand makes a profit of 440 yuan on paper. Midea announced last night (16th) that the public offering received 137.17 million applications, oversubscribed 4.3 times, with a 100% success rate for each successful applicant, three lucky bidders received 1.59 million shares each, while the international offering was oversubscribed 7 times. With the exercise of the full allocation adjustment right, midea's fundraising amount increased to over 31.01 billion yuan, making it the largest new stock in the local market in three and a half years.
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