Beverage Maker's Stock Debut Makes A Splash

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2018-03-14 HKT 18:52

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  • The IPO was the second most oversubscribed in Hong Kong. File photo: RTHK

    The IPO was the second most oversubscribed in Hong Kong. File photo: RTHK

They closed at HK$3.98 – up from the offer price of HK$1.

That comes to a profit of just under HK$12,000 for one board lot of HK$4,000 shares.

The tea-based beverage, loaded with milk, sugar and tapioca pearls, has gained a global following, from North America to Singapore and Australia, according to a statement by B&S.

The initial public offering was the second most oversubscribed in Hong Kong ever at 2,601 times, according to Bloomberg News. (AFP)