Lin Zengchuangzhu, listed on the Kelly Board, opened at 0.30 yuan on Monday (July 21), and its stock price fluctuated narrowly at a high level. As of 9:30 am, the stock price was 0.315 yuan, reaching a maximum of 0.32 yuan, 28% higher than the offer price.
Lin Zengchuangzhu sold its shares for the initial public sale at a price of 0.25 yuan per share, and received 47.3 times the public oversubscription; the 48 million shares allocated by the underwriter and the allotment agent have also been subscribed, and the application amount received is 12 million yuan. Overall, Lin Zengchuangzhu has received twice the oversubscription.
On the first day of trading, Lum Chang Creations, a subsidiary of listed company Lum Chang Holdings, opened at 20% higher than the offering price.
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