【New Stock IPO】Muyuan Food Co. exercises partial over-allotment, raising more than 1.4 billion yuan in additional funds

2026-03-05 13:47:43

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Mainland China Pig Farming Company Muyuan Foods (02714) announced that it exercised part of its over-allotment option, issuing an additional 36.2717 million H-shares at an IPO price of HKD 39 per share, representing approximately 13.2% of the global offering. The additional funds raised amount to about HKD 1.414 billion. These shares will be listed and traded next Tuesday (10th).

Additionally, Morgan Stanley, the company’s stabilizing manager, during the stabilization period, continuously purchased a total of 4.821 million H-shares in the market at prices ranging from HKD 38.98 to HKD 39 per share, accounting for about 1.8% of the total global offering before the exercise of the over-allotment option.

Total funds raised in Hong Kong listing: HKD 12 billion

The company listed on February 6, issuing approximately 273 million H-shares. Including the over-allotment option, a total of 310 million H-shares were issued, raising HKD 12.098 billion.

Muyuan Foods closed at HKD 42.36 on Thursday (5th), up 8.62% from the IPO price of HKD 39.

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