Micta Begins IPO Subscription, Targets September 7 Listing

Micta (2041) began its IPO subscription today and will close on September 2, with listing scheduled for September 7. The offer price is HK$15.42 per share, with a board lot of 100 shares and a minimum entry cost of HK$1,557.55, according to Ming Pao. The company is offering 38.9106 million shares globally, including 3.8911 million shares in Hong Kong, and expects to raise about HK$600 million. Morgan Stanley and Huatai International are the sponsors, and there are no cornerstone investors.