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<IPO>BUSYMING (01768.HK) IPO Starts Tdy, Attracting 8 Cornerstone Investors Like TENCENT/ Temasek/ BlackRock
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Chinese food and beverage retailer BUSYMING (01768.HK) announced its IPO in Hong Kong, planning to globally offer 14.1011 million H-shares, with around 10%, or 1.4102 million shares, for the Hong Kong public offering and about 90%, or 12.6909 million shares for the international placement.

The offer price ranges from $229.6 to $236.6 per share, with an expected maximum fundraising amount of approx. $3.337 billion.

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The entry for a board lot of 100 shares is around $23,898.62. The IPO period starts today (20th), and will end at noon this Friday (23rd), with the listing expected next Wednesday (28th). Goldman Sachs and Huatai International are its joint sponsors.

This IPO introduced 8 cornerstone investors, including TENCENT (00700.HK), Singapore's Temasek, BlackRock and Springs Capital (Hong Kong),collectively subscribing for shares equivalent to approx. US$195 million, involving about 6.5198 million shares based on the median offer price, accounting for approx. 46.24% of the shares offered assuming the over-allotment option and the right to adjust the offering size are not exercised.
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