As the Joint Bookrunner and Joint Lead Manager, ABC International ("ABCI") successfully assisted the listing of PanAsialum Holdings Company Limited (“PanAsia”, Stock code: 2078.HK) on the mainboard of the Hong Kong Stock Exchange on February 5, 2013. The listing has raised a total of HK$1.24 billion and was the second largest Hong Kong IPO this year.
The company, a manufacturer of aluminium components for Apple’s iPad, sold 300 million primary shares at HK$4.13 each piece, above the mid-point of the indicative price range of HK$3.46–$4.50, representing a 2013 P/E Ratio of 9.6x. The global offering captured robust demand from global institutional investors and retail investors with its international tranche covering several times oversubscription and 52.8 times oversubscription in the retail tranche.
PanAsia highly appreciated the endeavor ABCI made in securing a number of high-quality anchor invertors comprising of institutional investors and high-net-worth investors.