US stock trading · May 27, 2024 0

<IPO>QuantumPharm Passes SEHK's Listing Hearing, Expected to be 1st 18C IPO

QuantumPharm Inc. has recently passed the listing hearing, with CITIC Securities being its sole sponsor, according to the Stock Exchange.

The Company is expected to become the first specialist technology company in Hong Kong to be listed under Chapter 18C of the Listing Rules, with the suffix "P" after the stock abbreviation after listing.

The Company introduced a number of well-known investors before listing, including TENCENT (00700.HK)  +0.400 (+0.106%)    Short selling $672.08M; Ratio 5.635%   , CHINA LIFE (02628.HK)  -0.020 (-0.170%)    Short selling $20.76M; Ratio 5.882%   , Sequoia, SINO BIOPHARM (01177.HK)  -0.030 (-1.045%)    Short selling $37.76M; Ratio 18.712%   , Google (GOOGL.US)      , SoftBank Group, etc.. Of which, TENCENT, its substantial shareholder, held 13.66% of the Company's shares.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-27 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)