The end of the year is approaching, and the Hong Kong stock IPO market is picking up. According to the Hong Kong Stock Exchange, up to now, a total of 7 new shares have begun the IPO process this week. Among them, there is no shortage of popular companies such as Weibo, SF Express Tongcheng, Gloria Ying, and Connett Optics, which have received much attention. Let's follow the IPOs to find out!
$WB-SW (09898.HK)$: Big V shares listed in Hong Kong
IPO Period: November 29th to December 2nd
Listing time: December 8
Issue Price: ≤ HK$388, 20 shares per lot
Minimum subscription amount: HK$7838.20
Weibo is a leading social media platform in China and has built up a huge user base in China and the Chinese community in more than 190 countries around the world. In June 2021, Weibo had 566 million monthly active users, with an average of 246 million daily active users. According to the Insights Advisory Report, based on monthly active users and daily active users in June 2021, Weibo is one of the top ten mobile apps in China and one of the top three social media platforms in China.
The company was listed on the US NASDAQ in April 2014, with the stock code “WB” as of November 29, 2021 $Weibo (WB.US)$US stocks closed at $39.61, with a total market capitalization of $9.025 billion.
Related reading: IPO | Weibo-SW opens a stock offering with an issue price not higher than HK$388
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