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Danno Pharmaceuticals' first day oversubscribed by 21 times
May 15, 2026
Dano Pharmaceutical’s first-day oversubscription is 21 times
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The unprofitable biotech company Dano Pharmaceutical (06872) launched its IPO yesterday, planning to raise approximately HKD 627 million. The offering price is HKD 75.7 per share, with a lot size of 50 shares, and an entry fee of HKD 3,823.17.
Dano Pharmaceutical is offering 8.2806 million shares (accounting for 16% of the enlarged share capital), with about 10% allocated to Hong Kong, and no mandatory clawback; the shares will close trading next Tuesday (19th), with an expected listing on May 22, and the trading has a 15% offering volume limit…
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