Didn't copy the homework right?
Station B submits the company information form to the Hong Kong Stock Exchange, and mistakenly writes the company as "Baidu"
On March 26, Bilibili (hereinafter referred to as station B) announced the results of the IPO. Bilibili was priced at 808 Hong Kong dollars per share, and the net fund raised was 19.87 billion Hong Kong dollars. The lottery rate of Bilibili was 10%.
A reporter from China Business News looked through the company information sheet submitted to the Hong Kong Stock Exchange at station B this morning and found that in the third paragraph of the cover of the company information table, station B had written its own company name as it had just completed the second return to Hong Kong for listing this week. "Baidu Group", station B wrote: "This information sheet is provided here for the purpose of providing the public with information about Baidu Group Co., Ltd. ("the company") on the specified date.
The relevant information should not be regarded as a complete summary of information about the company and/or its securities" etc.
US stocks closed on Thursday, B station closed at 95.65 US dollars, equivalent to 743.1 Hong Kong dollars, 8% lower than the Hong Kong IPO pricing.
The Hong Kong public sale of Bilibili recorded a total of 270,000 subscriptions, an oversubscription of 173.19 times, and the international sale of 10.9 times.
According to previous disclosures, the proceeds from the IPO will be used to support user growth, content ecology and community development, including seeking strategic partnerships; improving user experience and strengthening user-centric commercialization capabilities; sales and marketing to promote brand awareness; generally Company purpose and working capital needs.
(Author: Liu Jia)