STOCKS | Realway Technology (7656) Starts IPO Bookbuilding; Seeks HK$608 Million

Realway Technology (7656) began its Hong Kong IPO subscription on June 29 and will close on July 3, with listing scheduled for July 8, according to Ming Pao. The offer price is set at HK$21.66 per share. The company is offering 28.087 million shares globally, including 1.4044 million shares in Hong Kong. The board lot size is 200 shares, implying an entry cost of HK$4,375.69. Expected fundraising is about HK$608 million. Joint sponsors are Huatai International, CCB International and ABC International. The deal has no cornerstone investors.