According to reports, VGT's upper limit price for the new shares may increase the fundraising amount to 2.6 billion USD

According to a report by Bloomberg, VGT (02476.HK) is going public in Hong Kong, potentially at a capped price, and may exercise an option to increase the offering size to $2.6 billion. The company initially announced that the offering price would not exceed HKD 209.88 per share, raising a maximum of approximately HKD 17.49 billion. The subscription for institutional investors will close a day early today (15th) at noon, and the shares will be listed next Tuesday (21st).

The report indicates that this IPO is the largest since Zijin Mining International (02259.HK) raised $3.7 billion in September last year. According to Bloomberg's forecast, despite challenges such as increased scrutiny and the situation in Iran, the total amount raised in Hong Kong this year is still expected to surpass last year, exceeding $40 billion