Mao Geping Cosmetics' (HKG:1318) initial public offering in Hong Kong was oversubscribed 130 times after receiving orders for shares worth HK$27.5 billion from retail investors, The Standard reported Wednesday.
The cosmetics company is offering 70,588,200 shares at HK$26.30 to HK$29.80 apiece, expecting to raise up to HK$2.10 billion, the report said.
Meanwhile Dmall's (HKG:2586) retail portion of its IPO was oversubscribed 0.3 times to reach HK$106 million while Shanghai REFIRE's (HKG:2570) subscriptions reached HK$66.4 million, the report said.
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