Group 1 - The core viewpoint of the news is that Xipuni's IPO has been postponed due to adverse weather conditions, but it has seen significant oversubscription in its public offering [1] - Xipuni plans to issue 10.6 million H-shares with a price range of HKD 27 to HKD 29.6, aiming to raise up to HKD 310 million [1] - The company has received margin financing of HKD 66.3 billion, with the public offering being oversubscribed by 2,111.8 times [1] Group 2 - Xipuni is a designer, manufacturer, and brand owner of gold case watches and gold bezel watches in China, primarily generating revenue from its flagship brand HIPINE [2] - The company also earns income by assembling watch movements sourced from external suppliers and acting as an ODM manufacturer for third-party domestic jewelry brands [2] - Financially, Xipuni's revenues for the fiscal years 2022, 2023, 2024, and the first five months of 2025 were approximately RMB 324 million, RMB 445 million, RMB 457 million, and RMB 231 million respectively [2]
西普尼获券商借出663亿港元孖展 超购2111倍