STOCKS | Tong Ren Tang Healthcare (2667) Starts IPO, Seeks Up to HK$671 Million

Tong Ren Tang Healthcare (2667) launched its Hong Kong IPO on June 26, with subscriptions closing on July 2 and shares set to list on July 7, according to Ming Pao. The offer price range is HK$5.48 to HK$6.21 per share. The board lot size is 500 shares, implying an entry cost of HK$3,136.31 per lot. The global offering comprises 108 million shares, including 10.8155 million shares allocated to Hong Kong. The company is expected to raise about HK$671 million. CICC is the sponsor.