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On November 5, Seres achieved a significant milestone by officially listing on the main board of the Hong Kong Stock Exchange. Its shares commenced trading at HK$128.9 each. Nevertheless, by the time of this report, the share price had dipped to HK$125 per share, marking a 4.94% decline from the issue price and bringing the total market capitalization to HK$217.7 billion. It has been reported that Seres intended to offer 109 million shares in this Hong Kong stock listing, with the issue price pegged at HK$131.5 per share. This move enabled the company to raise a gross sum of HK$14.283 billion, with a net amount of HK$14.016 billion after deductions. Out of the total funds raised, 70% is earmarked for research and development (R&D) endeavors, while 20% will be allocated to channel expansion and overseas market penetration.
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