Vacant Containers Operator Kingkong Holdings Launches IPO, Entry Fee HK$5,414

Kingkong Holdings (02523), a Southeast Asian container yard operator, launched its IPO today through July 8, offering 51.6 million shares globally with Hong Kong public tranche representing 10% of total. The maximum offer price is set at HK$2.68 per share, potentially raising up to HK$138 million.

A 2,000-share lot requires an entry fee of HK$5,414.05. The stock is scheduled to list on July 13.