Futu Information on July 12th, this Tuesday $MNSO (09896.HK)$Announcement: The company issued 41.1 million shares priced at 13.8 Hong Kong dollars per share, 200 shares per lot, expected to be listed on July 13th.
During the public offering phase, Miniso received 1.4 times oversubscription, with a final allocation of 4.11 million shares allocated for public offering, accounting for approximately 10% of the total offering shares (before any exercise of over-allotment option). A total of 2,074 valid applications were received, with a subscription rate of 86.91% for successful applications.
In addition, international offering was oversubscribed, with a final allocation of 36.99 million shares, equivalent to approximately 90% of the total offering shares (before any exercise of over-allotment option). Futu Information has compiled the relevant data as shown in the table below:
The company plans to use approximately HK$476 million of the net proceeds from the global sale for the following purposes: about 25% for the expansion and upgrading of the company's store network; about 20% for supply chain optimization and product development; about 20% to enhance the company's technical capabilities, with an estimated 20% to continue to invest in brand promotion and cultivation; about 5% for capital expenditures; about 10% for working capital and general corporate purposes.
The company is a global retailer, providing a wide range of creative home products. In the nine years since opening its first store in China in 2013, the company has successfully incubated two brands, namely MINISO and TOP TOY....