[ET Net News Agency, 16 October 2024] Shares of QINIU (02567) opened at HK$1.6 in its
first trading day, or 41.8% lower than its offer price of HK$2.75.
The stock's IPO was 18.87 times oversubscribed, with a board-lot winning rate of 80%.
One lot was distributed for subscription of 2 lots.The price is based on the close to the
lower limit level of the offer price ranging from HK$2.74 to HK$2.86. (ed)