STOCKS | XianGong Intelligent (6106) Starts IPO Bookbuilding; Targets June 24 Listing

XianGong Intelligent (6106) began its Hong Kong IPO subscription on June 13, with the offer closing on June 18 and shares set to list on June 24. according to Ming Pao, the offer price is HK$101.60 per share, with 50 shares per board lot and an entry fee of HK$5,131.24. The global offering comprises 10.4973 million shares, including 524,900 shares in the Hong Kong public tranche, and is expected to raise about HK$1.066 billion. CICC is the sponsor.