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<IPO>XIAO NOODLES (02408.HK) IPO Starts Tdy w/ HAIDILAO Among 6 Cornerstone Investors
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XIAO NOODLES (02408.HK), a Chinese noodle chain brand, has started its IPO in Hong Kong. The company proposes to issue 97.3645 million H-shares globally, with 10% (9.7365 million shares) allocated for the Hong Kong public offering and 90% (87.628 million shares) for the international offering. The offer price ranges from HKD5.64 to HKD7.04 per share, aiming to raise up to around HKD686 million. The entry fee for a board lot of 500 shares will be around HKD3,555.51. The IPO will start today (27th) and end next Tuesday (2nd), with the listing anticipated next Friday (5th). It has introduced six cornerstone investors, including HHLRA, Shengying Investment, Zeta Fund, and HAIDILAO (06862.HK), collectively subscribing for shares valued at around USD22 million. AAStocks Financial News |
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