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Karmic Holding IPO Closes With Record 8,964x Oversubscription, Targets HK$138M Fundraise

2026-07-08 10:26:12

According to initial reports, Karmic Holding (02523), a Southeast Asian container yard operator, concluded its IPO public offering today with preliminary oversubscription of 8,964 times, the fourth highest for new listings this year. The offering targets fundraising of up to HK$138 million with a pricing range of HK$2.2 to HK$2.68 per share, attracting approximately 151,000 retail investors. The stock is expected to list on July 13.

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