Eddid Financial Shining Brightly in the HK IPO Market in 2024 Q1

Since 2024, despite the prevailing cautious sentiment in the Hong Kong stock market, Eddid Financial has maintained an active presence and achieved notable success in the HK IPO market in the first quarter.

▪️Sponsored IPO: Top Performer in Listing Day Performance▪️

With an outstanding closing price of HKD 2.64 on the listing day, WELLCELL HOLD (2477.HK), sponsored and underwritten by Eddid Financial, achieved an impressive 164% increase over the offer price of HKD 1.00. This exceptional performance solidifies its position as the highest-performing IPO in terms of closing price on the listing day since the beginning of 2024. WELLCELL HOLD 's stock price has also achieved a cumulative increase of 200% in 2024 Q1.

Additionally, another two IPOs underwritten by Eddid Financial, WK GROUP (2353.HK) closed at HKD 0.59 on its listing day, marking a 136% increase over the offer price. Meanwhile, FUJING HOLDINGS (2497.HK) closed at HKD 1.48, representing a 37% increase over the offer price. These performances rank the 2 stocks as the second and third highest first-day price increase among this year's new listings.

▪️ Leading in the Number of Sponsored and Underwritten Projects ▪️

Eddid Financial has served as the joint sponsor, sole overall coordinator, joint global coordinator, joint bookrunner, joint lead manager for WELLCELL HOLD (2477.HK), and the joint bookrunner and joint lead manager for WK GROUP (2535.HK) and FUJING HOLDINGS (2497.HK) in 2024 Q1, ranking among the top in terms of the number of projects participated.

Looking ahead to 2024, the group remains fully committed to actively engaging in the IPO markets in HK and the US, delivering comprehensive capital market services to our global clientele.

*Data and information source: etnet, as of the time of writing (April 3, 2024, 4:30 PM).

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Eddid Financial Shining Brightly in the HK IPO Market in 2024 Q1