Zhongji Innolight is telling potential investors that its Hong Kong listing is likely to be priced below the top end of its indicated range, according to media reports citing people familiar with the matter. Those sources said the company plans to set the price at HK$980 per share. The matter has not been made public, and the people asked not to be identified. The previously indicated maximum offer price was HK$1,010 per share. The report was cited by Odaily and attributed to Sina Finance.
Odaily reported, citing media reports and people familiar with the matter, that Zhongji Innolight has told potential investors its Hong Kong listing is likely to be priced below the maximum indicated offer price.
The sources said the company plans to set the price at HK$980 per share. Because the matter is not public, the people requested anonymity.
The previously indicated maximum offer price was HK$1,010 per share.
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