Two Hong Kong IPOs Price Tomorrow: Jinghe Integration at HK$32.3, Binhua at HK$3.48

According to their IPO announcements, wafer foundry Jinghe Integration Semiconductor (02249) prices shares at HK$32.3 each, raising approximately HK$6.78 billion in net proceeds. The public offering portion was oversubscribed 343.26 times, with a winning rate of 8% for the standard lot of 100 shares.

Chemical manufacturer Binhua Shares (06745) prices at HK$3.48 per share, raising approximately HK$1.16 billion in net proceeds. Its public offering was oversubscribed 226.58 times, with a 5% winning rate for the standard lot of 1,000 shares. Both stocks are set to list tomorrow, July 10.