Public security insurance public offering recorded nearly 392 times the over-sub

(6060.HK) on Wednesday announced that its Hong Kong IPO (initial public offering) for the retail sale of the Ministry of shares recorded 391.74 times the excess Subscription, the need to start the callback mechanism to reduce the international placement ratio.

Public Security Insurance is the largest financial and technology company in Hong Kong to date. It is about to sell about 199 million shares (excluding over-allotment rights), of which 5% are for public offering and 95% for international placing.

As a result of the warm response of retail subscribers, the results of the allotment announcement announced this morning showed that the proportion of public offering was eventually increased from 5% to 20%. About 17,700 applications for 100-share applications were fully distributed and The success rate was 55%.

While the international placement also received substantial oversubscription, but the proportion of the sale after the corresponding reduction from 95% to 80%, the final number of about 159 million shares sold.

The number of shares of cornerstone investor Softbank Group (9984.T) was 7,191 million shares, representing 4.99% of the total issued share capital after the completion of the Global Offering.

Zhong An Insurance is priced at HK $ 59.7 per share in the cap price range of HK $ 11.898 billion and will be listed on the Stock Exchange tomorrow (28th). The joint sponsors are JPMorgan, Credit Suisse, UBS and CMB International.