Futu News on April 21, this Thursday$Zhihu-W (02390.HK)$Announcement: The company issued approximately 26 million shares at a price of HK$32.06 per share, with a board lot of 100 shares, expected to be listed on April 22.
During the public offering phase, Zhihu received approximately 1.00x subscription, and the final number of shares allocated to the public offering is 2.6 million shares, accounting for approximately 10% of the total shares offered (before the exercise of any excess rights issue). A total of 4524 valid applications were received, with a 100.00% allotment rate per board lot.
In addition, the international offering has been slightly oversubscribed, with the final number of shares issued at approximately 23.4 million, equivalent to about 90% of the total number of shares issued (before any exercise of the additional allotment option). Futu News has compiled the relevant data in the table below:
Regarding the use of funds, the company stated in the prospectus that it will not receive any net proceeds from the global offering, and selling shareholders will receive all net proceeds from the global offering.
Zhihu is a leading online content community that went public on the NYSE in March 2021. As of April 20th, at the close of the U.S. stock market,$Zhihu (ZH.US)$it was trading at $1.65 per share, with a total market value of $1.045 billion.
According to Zhuoshi Consultancy, based on the average monthly active users and revenue from mobile devices in 2019, 2020, and 2021, Zhihu is one of the top five comprehensive online content communities in China, as well as the largest online Q&A community in the country.
In the fourth quarter of 2021, ...