Three Hong Kong IPOs Set to List Monday; White Pigeon Online Prices at HK$15.6, 10% Allocation Rate

Three new Hong Kong stocks are set to list on Monday (June 29). Insurance technology company White Pigeon Online priced its shares at HK$15.6 each, raising approximately HK$466 million. The public offering was oversubscribed 241.05 times with a 10% allocation rate for each 200-share lot.

Biopharmaceutical firm Libang Pharma priced shares at HK$22.6, raising approximately HK$1.181 billion, with the public offering oversubscribed 962.56 times and a 6% allocation rate per 100-share lot. Optoelectronics interconnect provider Haiguang Chip Tech priced shares at HK$114, raising approximately HK$1.415 billion, with public offering oversubscription of 1,295.89 times and a 4% allocation rate per 50-share lot.