Co-living operator The Assembly Place goes public, receiving 5.2 times subscription and raising approximately HKD 10.8 million | Lianhe Zaobao

The local largest shared living space operator The Assembly Place's initial public offering (IPO) activity received 5.2 times subscription, offering approximately 50.3 million new shares at a price of HKD 0.23 per share. The 2 million shares available to the public received about 1,125 valid applications, with a total subscription of 71.1 million shares, representing an oversubscription of approximately 35.5 times; the 48.3 million shares allocated to specific investors also garnered over 189 million shares in subscription intentions, with an oversubscription of 3.9 times. Several cornerstone investors participated in the allocation of 29.5 million shares, raising a net amount of approximately HKD 10.8 million