
The IPO of Nations was oversubscribed by 130.83 times, with 70,000 shares ensuring a single lot
Nations (02701.HK) announced the results of its IPO, with the Hong Kong public offering receiving 131.83 times subscription, and the winning rate for one board lot (200 shares) at 30%, with a subscription of 70,000 shares ensuring one board lot. The international offering recorded 2.51 times subscription. The offer price is HKD 10.8, with a net fundraising amount of HKD 944 million. The shares are expected to be listed on Monday (23rd).
The Chinese platform-based integrated circuit design company Nations plans to globally offer 95 million shares, with the public offering accounting for 10%. Five cornerstone investors, including China Life Insurance, Harvest Oriental II, and Xinwangda (300207.SZ), subscribed a total of 12.9624 million shares, accounting for 13.6% of the total offering. The last day for the lock-up commitment is September 22, 2026

