Midea Group (00300.HK) announced the results of the IPO, with a public offering oversubscription of 5.31 times. The allotment rate for one hand (100 shares) is 100%; international placement received an oversubscription of 8.06 times. The final offering price is 54.8 yuan, at the upper limit, raising a net amount of 30.668 billion yuan. The shares are expected to be listed tomorrow (17th).

Midea Group, a provider of smart home and commercial and industrial solutions, plans to issue 0.492 billion shares in this offering. The Hong Kong public offering accounts for 5%, with an IPO price ranging from 52 to 54.8 yuan. 18 cornerstone investors have been introduced, including Cosco Shipping Holdings (01919.HK)'s subsidiary Cosco Shp Sg (Hong Kong), UBS AM Singapore, National Investment Fund Phase 2, BYD (01211.HK)'s subsidiary Golden Link, etc., with a total subscription of approximately 1.256 billion US dollars of shares. Joint sponsors are CITIC Securities and Bank of America Securities.