Conch Materials Technology (02560.HK) announced the results of its IPO, with the Hong Kong public offering receiving 25.83 times the subscription, and a 70% chance of winning a lot for one hand (1,000 shares). For every four lots subscribed, one hand was allocated based on the replenishment mechanism, increasing the public offering shares to 43.493 million shares, accounting for 30% of the total offering. The international placement recorded a 1.04 times subscription. The final offering price is 3 yuan, which is a lower limit price, raising a net amount of 0.396 billion yuan. Shares are expected to be listed on Thursday (the 9th).

In this global offering, Conch Materials Technology issued 0.145 billion shares, with 10% allocated to the Hong Kong public offering. The offer price ranges between 3-3.3 yuan. Six cornerstone investors, including Xuan Gao Ke (002074.SZ), Anhui Shengchang, Wuhu Ataka, SCGC Capital, Guangdong Zonghang, and Shenzhen Gaodeng, collectively subscribed for 0.302 billion RMB worth of shares.