InnoLight's Hong Kong IPO Draws 7 Times Retail Oversubscription

InnoLight Technology (3308), the ninth-largest new listing by fundraising amount in Hong Kong stock market history, will close its share offer next Monday, July 27. As of 6:30 PM today, the retail tranche had been 7 times oversubscribed on margin, with brokers lending HK$44.228 billion in margin financing, according to Ming Pao. Futu Securities led the field with HK$19.638 billion in loans.