On May 23rd, Milan Station was formally listed in HKEx. Against the market trend, it rose by nearly 66% on the day, becoming the top hit of the HK capital market. The over-subscription rate of 2,180 stood as the highest one in the history of HK IPO. As the only global coordinator, book runner, lead manager and sponsor of Milan Station IPO, CMS (HK) showed the impressive strength of Chinese-funded investment banks.
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