Kotoo Smart Parking Closes IPO with 38.9 Billion HKD Margin Financing, 972x Oversubscription

According to Guizhi Finance, Kotoo Smart Parking (02272) completed its Hong Kong IPO subscription on June 23 with 38.9 billion HKD in margin financing, representing 972 times oversubscription on the public offer of 39.9 million HKD. The stock was priced at 39.55 HKD per share, targeting up to 400 million HKD in total proceeds, with listing scheduled for June 26. Joint sponsors include China International Capital Corporation and China Minsheng Bank Capital.
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