The Zhitong Finance app learned that on November 2, market sources said that the international distribution of Tianzhao Pig (01248) had been overpurchased.

The Zhitong Finance App learned earlier that the company offered shares from October 29 to November 6, 2020. The company plans to issue 386.26 million H shares. The public offering accounts for 10%, international placement accounts for 90%, and an additional 15% over-allotment rights. HK$26.00 per share — HK$38.80, 200 shares per lot. It is expected to be listed on November 16.

On October 30, broker/banks such as Phillip, Yao Cai, and Xincheng each lent about HK$228.1 million to Tianzhao Pig (01248). Tianzhao Pig has now received more than 1.5 times more subscriptions for public placement.