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Gain Plus Hldgs (08522) IPO priced at upper-end $0.8 
 Gain Plus Holdings' (08522) IPO offer price has been determined at HK$0.8 per share, allowing the company to raise HK$53.4 million net proceeds from the global offering. The stock had a prospective pricing range of HK$0.6-0.8 per share.

The shares for public offering were over-subscribed by 34.42 times. After re-allocation, the number of offer shares allocated to the public offering was increased to 30% of the total number of offer shares initially available under the global offering. The offer shares initially offered under the placing were moderately over-subscribed.

With a board lot size of 4,000 shares, the stock is expected to begin listing tomorrow morning.

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