On June 25, Wenge Zhongke unveiled the outcome of its Hong Kong public offering, disclosing an extraordinary oversubscription rate of 5,966.78 times. In dark pool trading, the company’s shares concluded at HK$118.1, marking a substantial 94.56% increase from the issue price of HK$60.70. Wenge Zhongke commenced its share subscription process on June 17 and is set to debut on the main board of the Hong Kong Stock Exchange on June 26, with an estimated IPO market capitalization of around HK$10.51 billion.
