Chinese IT solution provider Newlink Technology has received at least HK$15.5 billion in retail orders via margin financing. Its retail tranche was oversubscribed by at least 177.8 times. The technology company aims to raise about HK$870 million. The company is expected to be listed on the main board on January 5. Its offering price ranges from HK$3.06 to HK$4.36, and the minimum investment per board lot, or 800 shares, is HK$3,523.

Source: The Standard December 24, 2020 06:11 UTC