Hong Kong Stock IPO “Frozen Capital King”! The margin purchase ratio of the Michelle Group was nearly 3,800 times, and the subscription amount exceeded HK$1.31 trillion

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As of 11:30 p.m. on February 25th, $MIXUEGROUP (02097.HK)$ A margin of at least HK$1.31 trillion has been recorded. Based on the initial public sale amount of HK$0.345 billion, the purchase was overbought by nearly 3,800 times.

According to the Hong Kong Economic Daily, the margin subscription amount for the Michelle Group is comparable to the “frozen capital” of past Hong Kong stock IPOs. At the beginning of 2021, KUAISHOU-W’s public subscription amount reached HK$1264.3 billion. The Michelle Group, which operates “Michelle Ice City”, offered shares from February 21 to 26 and was listed on March 3. The offering price was HK$202.5 and the first-hand entry fee was HK$20,454.

Futu now offers up to 200x leverage:

1. Open 108 times bank financing leverage to all customers.

2. Open 200 times bank financing leverage for V2 and V3 members and private customers with assets of HK$1 million or more.

(Disclaimer: Futu Bank’s financing leverage may change. Please refer to the page as shown. Please pay attention to the IPO bulletin board for the latest information.)



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