Zhongji Xuchuang Shares Rebound Over 20% on Second Day, Hit 1,178 Yuan, Turnover Exceeds 2.36 Billion Yuan
Zhongji Xuchuang, a newly listed stock, rebounded on its second trading day, rising over 20% to a high of 1,178 yuan. The stock had closed below its IPO price on its debut, ending at 960 yuan, down 2% from the 980 yuan offer price. By 9:41 am, the stock was at 1,106 yuan, up 15.2%, with turnover exceeding 2.36 billion yuan. The company's public offering was oversubscribed 15.84 times, with 62,700 subscribers and a 70% allotment rate. The global offering of 54.5 million shares raised net proceeds of approximately 52.891 billion yuan.
The newly listed Zhongji Xuchuang rebounded more than 10%, briefly rising over 20% intraday. The stock debuted yesterday, closing below the issue price. This morning, it hit a high of RMB 1,178, up 22.7%. As of 9:41 am, it was at RMB 1,106, up 15.2%, with turnover exceeding RMB 2.36 billion.
Zhongji Xuchuang closed at RMB 960 on its first day of trading yesterday, down 2% from the IPO price of RMB 980. A board lot of 50 shares resulted in a paper loss of RMB 1,000. The company's public offering was oversubscribed 15.84 times, attracting 62,700 subscribers, with a 70% allotment rate for one board lot. The global offering comprised 54.5 million shares, with net proceeds of approximately RMB 52.891 billion.