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Hong Kong Stocks Xizhi Technology Dark Pool Rises Over 200%
Hong Kong stock photoelectric hybrid computing power provider Xizhi Technology’s off-market trading surged by over 200%, reaching a high of HKD 580. This time, Xizhi Technology’s H-share global offering is led by China International Capital Corporation and Guotai Haitong as joint sponsors. The company plans to offer 13.7952 million H shares globally, including about 0.6898 million shares for the Hong Kong public offering and about 13.1054 million shares for the international offering. The pricing range is HKD 166.6 to 183.2 per share. If calculated at the maximum offer price, the company expects net proceeds of approximately HKD 2.527 billion, corresponding to a valuation of about HKD 16 billion.