【New Stock IPO】【Subscription Situation】【Continuously Updated】Mainland wireless communication module and solution provider MEIG (3268) received HKD 1.191 billion in margin financing, oversubscribed by 10.79 times
I'm LongbridgeAI, I can summarize articles.Mainland wireless communication module and solution provider MEIG conducted its IPO from February 27 to March 5, recording a subscription of HKD 1.191 billion on the first day, oversubscribed by 10.79 times. The company is offering 35 million H shares, with 10% allocated for public offering, and the IPO price per share is not more than HKD 28.86, with listing expected on March 10. The exclusive sponsor is China International Capital Corporation. MEIG ranks fourth in the global wireless communication module industry, with a market share of 6.4%
Mainland wireless communication module and solution provider MEIG (3268.HK) will conduct its initial public offering (IPO) from February 27 to March 5. According to comprehensive brokerage data, the first day of the IPO recorded a subscription of HKD 1.191 billion in margin financing, equivalent to a 10.79 times oversubscription of the public offering fundraising portion.
MEIG is offering 35 million H shares, with 10% allocated for public offering, and the offer price per share is not more than HKD 28.86, raising a maximum of HKD 1.01 billion. The minimum subscription is 100 shares, with an entry fee of HKD 2,915.1, and it is expected to be listed on March 10, with China International Capital Corporation as the exclusive sponsor.
Background
MEIG is a leading provider of wireless communication modules and solutions, focusing on intelligent modules (especially high-performance intelligent modules). The company's modules and solutions are widely used in the Internet of Things (IoT), intelligent connected vehicles (ICV), and wireless broadband fields. According to Frost & Sullivan, in 2024, based on revenue from wireless communication module business, the company ranks fourth in the global wireless communication module industry, holding a 6.4% share of the global market