"New Stock Performance" - Extreme Rabbit Express-W opens at a low of 4.2% in the pre-market and is trading at 11.5 yuan.

According to the HuiLi trading platform, Jitu Express-W (01519.HK), which will be listed tomorrow (27th), opened at a 4.2% discount in the dark market, at HKD 11.5, with a lowest price of HKD 11.32. It is currently trading at HKD 11.4, a 5% decrease from the listing price of HKD 12, with a trading volume of 45,000 shares. Southeast Asia's leading express delivery company, Jitu Express, was listed in Hong Kong at HKD 12 per share, with a total of 327 million shares issued. It has attracted 9 cornerstone investors, including Tencent (00700.HK), Temasek, Sequoia Capital, SF Holdings, and Hillhouse Capital, who have subscribed for a total of 130 million shares. The public offering, which accounts for 10% of the total shares, was oversubscribed by 0.36 times, allowing everyone to participate. It is expected to raise a net amount of approximately HKD 3.528 billion, of which about 30% will be used to expand the logistics network, upgrade infrastructure, and strengthen sorting and warehousing capabilities in Southeast Asia and other existing markets. Approximately 30% will be used to explore new markets and expand service scope, and approximately 30% will be allocated to research and technological innovation. The joint sponsors for the listing are Morgan Stanley, Bank of America Securities, and CICC. (SZ/DA)