Meet Xiaomian and TIANYU SEMI open recruitment, margin subscription oversubscribed by 10 times, no forced buyback
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Two new stocks, Aito and TIANYU SEMI, have begun their initial public offerings, raising a maximum of HKD 2.43 billion, with no mandatory buyback. Aito was oversubscribed by 10.4 times, while TIANYU SEMI was oversubscribed by 9.4 times. TIANYU SEMI's issue price is HKD 58, raising HKD 1.74 billion, and Aito's issue price ranges from HKD 5.64 to HKD 7.04, raising a maximum of HKD 690 million. LeMo Technology and Jinyan Gaoling New Materials will close their offerings today. Soul App has submitted its listing application, with Tencent holding a 49.9% stake
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