News: BAO PHARMA's first listing surged more than double at the opening
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Shanghai BAO PHARMA Co., Ltd. made its debut on the Hong Kong Stock Exchange, with the opening stock price soaring by 128%, and closing at a 125% increase at noon. The company issued 37.91 million shares at a price of HKD 26.38 per share, with the public offering oversubscribed by 3,525 times and the international placement oversubscribed by 5.6 times. The net fundraising amount is HKD 920 million, primarily used for the research and development and commercialization of core products, advancing existing product lines, optimizing technology platforms, enhancing production capacity, and general working capital
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