Touku's first public stock offering activity saw a public oversubscription of 31.9 times | Lianhe Zaobao
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The initial public offering of Touku Co., Ltd. was met with enthusiastic response, with public subscriptions oversubscribed by 31.9 times and private placements oversubscribed by 1.9 times. The company issued 2 million shares to the public at a price of HKD 0.25 per share, with 63 million shares allocated to institutional investors, raising HKD 16.25 million, and achieving a market capitalization of HKD 142.56 million. A total of 1,115 public applications were received, subscribing for approximately 63.89 million shares. Touku will begin trading on the Kelly Board on January 22
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