Retail investors jumped at the chance to invest in Hong Kong actor Roger Kwok’s company, with the initial public offering (IPO) oversubscribed more than 6,000 times, the second-highest on record in the city.
Herbs Generation Group, the healthcare products company co-founded by Kwok and his sister, priced its shares at the low end of its range at HK$3.75, resulting in the retail tranche being oversubscribed 6,083 times. The international portion was oversubscribed 0.8 times.
Most Kwai Chung, which launched its HK$95.3 million IPO (US$12.3 million) in 2018, holds the oversubscription record in Hong Kong at 6,288 times.
Herbs Generation’s shares jumped 25 per cent to HK$4.69 on their trading debut on Thursday.
The company sells a range of health supplements, cosmetics and skincare products under brands such as Herbs, Zino and Classic. Its most significant revenue contributor was the “immune system and post-Covid care” segment, which accounted for more than a third of sales between 2021 and 2023.
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