How much money does MeiG Smart Technology plan to raise in its Hong Kong listing?

MeiG Smart Technology is looking to raise as much as HK$1.01 billion ($129.1 million) in its Hong Kong listing.

What does MeiG Smart Technology specialize in?

MeiG Smart Technology specializes in providing wireless data terminals for Internet of Things (IoT) devices.

How many shares is MeiG Smart Technology offering in its Hong Kong IPO?

The company is offering 35 million shares in its Hong Kong listing.

Home / Business and Economy / MeiG Smart Plans $129M Hong Kong IPO

MeiG Smart Plans $129M Hong Kong IPO

27 Feb

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Summary

MeiG Smart Technology aims to raise HK$1.01 billion.
The Shenzhen-based company offers 35 million shares.
Shares are priced at a maximum of HK$28.86 each.

MeiG Smart Technology, a Shenzhen-based company, is pursuing a substantial listing on the Hong Kong Stock Exchange. The firm intends to raise as much as HK$1.01 billion, equivalent to approximately $129.1 million, through this offering.

The company plans to issue 35 million shares, with the maximum price for each share set at HK$28.86. MeiG Smart Technology is a provider of wireless data terminals crucial for the operation of Internet of Things (IoT) devices.

This listing represents a significant step for MeiG Smart Technology as it seeks to expand its reach and capital for further development in the competitive technology sector. The offering is expected to attract considerable investor interest.

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