11 October 2013
Forgame Has Successfully Completed Its HK IPO
Forgame Holdings Limited (“Forgame”) was successfully listed on the Stock Exchange of Hong Kong Limited on Oct. 3, 2013. On a pre-greenshoe basis, Forgame’s deal value is USD 206 mn with 31 mn shares offered, which is accounting for 25.0% of its enlarged share capital; after exercising its over-allotment option, its deal value is USD 237 mn with 36 mn shares offered, accounting for 28.8% of its enlarged share capital. As of Oct. 10, 2013, it was closed at HKD 67.10/share, up by 31.6% compared to HKD 51.00/share, its price at IPO. This deal is the largest HK IPO by technology company since 2013. CICC acted as Joint Bookrunner and Joint Lead Manager.