Chinese telecommunications supplier WELLCELL HOLD will officially debut on the HKEX on January 12th.
On Thursday, January 11th, WELLCELL HOLD's pre-market trading surged by over 60%, and is currently up around 50%, trading at HKD 1.5.
WELLCELL HOLD plans to issue 125 million shares at an offer price of HKD 1-1.3 per share, raising a maximum of HKD 162.5 million. Each lot consists of 4,000 shares, with an entry fee of HKD 5,252.44 per lot. Based on the maximum offer price of HKD 1.3, the market capitalization is approximately HKD 650 million.
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WELLCELL HOLD, which will be listed on HKEX tomorrow, saw a significant surge of over 60% in the grey market today. Currently, the increase is around 50%, with a price of HKD 1.5. WELLCELL HOLD plans to issue 125 million shares with a subscription price of HKD 1-1.3 per share, raising a maximum of HKD 162.5 million. Each lot consists of 4,000 shares, with an entry fee of HKD 5,252.44 per lot.

WELLCELL HOLD surges 50% in the dark market!