Thursday, June 15, 2017

HRnetGroup Limited - IPO Balloting Results

HRnetGroup Limited balloting results is out.

Placement of 85,682,000 shares is approximately 13.17 times subscribed due to strong demand from international and local institutional investors.

Public offer of 3,359,200 shares is approximately 68.34 times subscribed by retail investors.

Chances are actually pretty evenly big if you are one of them who apply to the shares.

9:50 means for every 100, 18 will get it. So the probability is quite high at 18%.

Most of the tranches applied between 100,000 to 199,000 with 30.2%.

I did apply 51,000 shares and still can't break my bad luck streak of not getting anything in IPO, sadly.

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