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NetEase has priced its Hong Kong secondary listing at HK$123 (US$15.87) apiece, gathering commitments worth US$2.7 billion ahead of its debut in the city on June 11, according to people familiar with the deal.
Guangzhou-headquartered mobile gaming giant amassed enough pledges from investors to cover the offer multiple times, the people said.
The price represents a 2 per cent discount to the closing price of NetEase’s depositary receipts of US$405 on Thursday and a 3.1 per cent discount to the one-day volume-weighted average price . . .
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