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HONG KONG, July 13, 2016 - (ACN Newswire) - Southwest Securities International Securities Limited ("Southwest Securities International" or the "Company") (stock code: 812.HK) solely sponsored Plover Bay Technologies Limited ("Plover Bay Technologies") (stock code: 1523.HK) IPO, was successfully listed on the Main Board of Stock Exchange of Hong Kong ("HKEX") on 13 July 2016. The Shares offered under the Hong Kong Public Offering were subscribed approximately 46 times and the final issue price was set at an impressive near 20 times the historical P/E ratio.
 | | Plover Bay Technologies was successfully listed on the Main Board of Stock Exchange of Hong Kong |
Founded in 2006, the new listing, Plover Bay Technologies is a SD-WAN router vendor providing products and services to business and industrial users (from including the traffic, retail and education industries).
Southwest Securities International is the sole sponsor, sole global coordinator, sole bookrunner and sole lead manager of the IPO. Its investment banking and equity capital market teams were able to integrate Plover Bay Technologies' features into their work plans to ensure the project progress smoothly. In the course of executing the project, Southwest Securities International maintained active and effective communication with regulatory bodies, which saw the project completed on time and the IPO a success.
Plover Bay Technologies is the second IPO sponsored by the Southwest Securities International following that of Get Nice Financial Group Limited (stock code: 1469.HK) which was listed in April this year. It proves that the Company's investment banking and equity capital market teams are growing and gaining strength, and are ready to continue to serve the IPO market.
In the future, Southwest Securities International will continue to focus on providing comprehensive corporate finance services to quality SMEs with high growth potential, and continuing to strengthen resource integration with the mainland business of its parent Southwest Securities Company, Ltd. (stock code: 600369.SH). Its hope is to provide more comprehensive cross-border financial services to clients.
Media Enquiries:
Corporate Communication
Southwest Securities International
Email: corporate_comm@swsc.hk
Strategic Financial Relations (China) Limited
Email: sprg-swsi@sprg.com.hk
Topic: Press release summary
Source: Southwest Securities International Securities Limited
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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