The IPO of Nations was oversubscribed by 130.83 times, with 70,000 shares ensuring a single lot

AASTOCKS
2026.03.22 06:48

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