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Investor Interest in Hong Kong's IPO Market: Roger Kwok's Herbs Generation Debut

房产
2024-12-20 01:22:06
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Investor interest ignites as Hong Kong's IPO of Roger Kwok's Herbs Generation oversubscribed over 6,000 times. The debut saw shares jump 25%, showcasing strong market sentiment.

Investor Interest Fuels Herbs Generation's IPO Success

Retail investors in Hong Kong showcased intense enthusiasm for the initial public offering (IPO) of Herbs Generation co-founded by actor Roger Kwok. The IPO was oversubscribed over 6,000 times, marking it as one of the city’s most successful offerings.

Market Sentiment Reaches New Heights

Herbs Generation Group, known for its health supplements and cosmetics, priced its shares at HK$3.75, resulting in a first-day trading surge of 25% to HK$4.69. This reflects a broader trend of rising investor interest in the Hong Kong IPO landscape.Oversubscription recorded at 6,083 times.Notable previous record held by Most Kwai Chung with 6,288 times.Key revenue driven by post-COVID care products.

Celebrity Impact on Investor Interest

Analysts, like Kenny Ng from Everbright Securities, pointed out that the brand’s celebrity endorsement significantly impacted investor attraction. However, not all enterprises are expected to enjoy similar levels of interest.

70%

Outlook on Hong Kong IPO Market

With a boost from high-profile IPOs, the Hong Kong market expects to climb to fourth place globally for IPO activities, as highlighted by EY.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.