Retail Investors Pile into QuantumPharm's IPO in Hong Kong

Tuesday, 4 June 2024, 09:59

The Tencent-backed AI drug researcher QuantumPharm's IPO in Hong Kong has been oversubscribed by 10 times on the first day, reflecting strong retail investor interest amid market rallies and listing reforms. This signals a significant vote of confidence in the company's future growth potential.
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Retail Investors Pile into QuantumPharm's IPO in Hong Kong

QuantumPharm IPO Oversubscribed 10 Times

Retail investors have rushed to subscribe to Tencent-backed AI drug researcher QuantumPharm on the first day of its HK$1.13 billion (US$144.5 million) IPO, encouraged by recent market rallies and listing reforms.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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