Shulou(Shulou.com)11/24 Report--

CTOnews.com October 26 news, extreme Rabbit Express announced on the Hong Kong Stock Exchange today that the Hong Kong IPO offering price is 12 Hong Kong dollars per share (CTOnews.com Note: currently about 11 yuan), the global offering is expected to collect net funds of about 3.528 billion Hong Kong dollars (currently about 3.302 billion yuan).

According to the announcement, assuming that the global offering becomes unconditional in all respects on or before 8: 00 a.m. on Friday, October 27, 2023 (Hong Kong time), trading of Class B shares is expected to begin on the main board of the Stock Exchange at 9: 00 a.m. on Friday, October 27, 2023 (Hong Kong time). Class B shares will be bought and sold on the basis of 200 Class B shares per hand. The stock code of Class B shares is 1519.

According to previous official announcements, Polar Rabbit Express plans to raise about 30% of the funds will be used to expand the company's logistics network, upgrade the company's infrastructure and strengthen the company's sorting and storage capacity in Southeast Asia and other existing markets; about 30% will be used to open up new markets and expand the company's range of services; about 30% will be used for research and development and technological innovation And about 10% will be used for general corporate purposes and operating capital requirements.

▲ Tuyuan extreme Rabbit official website according to CTOnews.com previously reported that extreme Rabbit Express submitted an application for IPO to the Hong Kong Stock Exchange in June this year, and the listing co-sponsors were Morgan Stanley, Bank of America and China International Capital Corporation. The website of the China Securities Regulatory Commission issued a filing notice on the overseas offering and listing of Jared Global Express Limited on September 15 this year, and the hearing was approved by the Hong Kong Stock Exchange IPO of Polar Rabbit Express Global Co., Ltd on October 2.

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