Mininglamp Technology Soared 100% on Hong Kong Trading Debut

MT Newswires Live
Nov 03

Mininglamp Technology soared 100% on Hong Kong trading debut.

The China-based data intelligence software firm offered 7.22 million shares under the global offering.

The Hong Kong public offer was 4,452.86 times oversubscribed, with a final allocation of 721,920 shares, or 10% of the total offering, unchanged from the initial allotment.

The international offering was 13.93 times subscribed, with a final allocation of about 6.5 million shares, or 90% of the total offering.

An over-allotment of 1.08 million shares was made under the international tranche.

Cornerstone investors, Huang River Investment, Minfang Guo, Treasure-stone Investment Group, Lina Bao, Hundreds Capital, GFH Financial Group, and QuantumPharm, were allotted a total of 3.25 million shares, representing 45.1% of the global offering.

Mininglamp Technology is scheduled to debut on the Hong Kong bourse on Monday, Nov. 3.

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