Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Quantgroup Technology Limited ( (HK:2685) ).
Quantgroup Holding Limited has announced that the over-allotment option connected to its recent global offering has been partially exercised, resulting in the issuance of 1,750,000 additional shares at HK$9.80 per share, equal to roughly 13.11% of the initial offer size. The newly issued over-allotment shares will be used to return an equivalent number of borrowed shares to Mars Legend Limited that were used to cover over-allocations in the international tranche, and the company also confirmed that the 30-day post-offering stabilization period has ended, signaling the completion of price-stabilizing activities around the IPO and bringing greater clarity to the stock’s free float and trading dynamics for investors.
More about Quantgroup Technology Limited
Quantgroup Holding Limited is a Cayman Islands-incorporated company recently listed on the Main Board of the Hong Kong Stock Exchange, offering shares to international and Hong Kong investors through a global offering structure.
Average Trading Volume: 778,632
See more data about 2685 stock on TipRanks’ Stock Analysis page.