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On the afternoon of April 14, the subscription period for the Hong Kong stock initial public offering (IPO) of Koolar Technology—a company belonging to the esteemed group known as the 'Hangzhou Six Little Dragons'—came to a close. Brokerage statistics disclosed that the public offering was met with an overwhelming response, being over-subscribed by an astonishing 1,071 times, with the total financing subscription amounting to a remarkable HKD 131.2 billion. The much-anticipated stock is slated to make its debut on the Hong Kong Stock Exchange on April 17. Koolar Technology has outlined its plans to offer approximately 161 million shares on a global scale, setting a maximum offering price of HKD 7.62 per share. The company anticipates raising a total of no more than HKD 1.227 billion through this offering.
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