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The retail investor portion of the Caoji Group's Hong Kong IPO received approximately 6084 times subscription.
According to the announcement of the Hong Kong Stock Exchange, Grasshopper Group will allocate approximately 16.7 million IPO shares to Hong Kong retail investors, with a subscription ratio of about 6084 times the excess subscription, up from 3.33 million shares. The number of shares allocated to institutional investors has been reduced from the initial 30 million shares to 16.7 million shares, and the international offering has received a subscription ratio of 1.79 times. The IPO price in Hong Kong is HKD 3.75 per share, at the bottom of the guidance range, with a price range of HKD 3.75-4.15 per share.