"New Shares" MeiG's IPO oversubscribed 173 times, subscribing for 10,000 shares guarantees a primary allocation

MeiG (03268.HK) announced the results of its IPO, with the Hong Kong public offering receiving 174.12 times subscription, and a 5% chance of winning for one board lot (100 shares), with a subscription of 10,000 shares guaranteeing one board lot. The international offering recorded 4.50 times subscription. The final offer price is HKD 28.86, at the upper limit of the price range, raising a net amount of HKD 1.091 billion. Shares are expected to be listed on Tuesday (10th).

The wireless communication module and solution provider MeiG plans to globally offer 35 million shares, with 10% allocated for public offering. Eight cornerstone investors, including BaoYue GongYing, MingXing Electronics Hong Kong, Harvest, JinYi Capital, and ZTE, subscribed a total of 15.8874 million shares, accounting for 39.47% of the total offering. The last day for the lock-up commitment is September 9, 2026