"New Shares" XUNCE public offering oversubscribed 6.24 times, BaShou stable allocation one hand

XUNCE (03317.HK) announced the results of its IPO, with the Hong Kong public offering receiving 7.24 times subscription, and the winning rate for one board lot (100 shares) at 12.78%, with a subscription of eight lots ensuring a win for one lot. The international offering recorded 3.1 times subscription. The final offer price is HKD 48, at the lower end of the price range, raising a net amount of HKD 966 million. Shares are expected to be listed on Tuesday (30th).

Real-time data infrastructure and analytics solutions provider XUNCE plans to globally offer 22.5 million shares, with 10% allocated for public offering. The offer price ranges from HKD 48 to HKD 55. A total of 9 cornerstone investors, including Zhongshi Jinqiao (00623.HK), Alphahill Fund, Infini Global Master Fund, and Yunfeng Investments, subscribed for a total of 6.4127 million shares, accounting for 28.5% of the total offering. The final date for the lock-up commitment is June 29, 2026