On November 7th, UBS Securities, as the exclusive sponsor and lead underwriter, assisted in the listing and trading of Mecca Core Lottery on the main board of the Shanghai Stock Exchange. The issuance price is 58.08 yuan per share, and the issuance scale reaches 1.568 billion yuan (approximately 214 million US dollars). After the launch of the call back mechanism, the final offline issuance quantity was 5.4 million shares, and the final online issuance quantity was 21.6 million shares, with a winning rate of 0.0455%.
Maijia Xincai was established in 2002 and is a high-tech enterprise dedicated to the research and development, production, and sales of high-performance multi category coating products. After 20 years of continuous accumulation and exploration, the company has become a leading coating supplier in the field of wind turbine blades and containers in China. At the same time, the company's coating products are also widely used in fields such as bridges and steel structures, and are expanding into related industrial coatings such as wind power tower coatings, ship coatings, port equipment coatings, and energy storage equipment coatings.
It is reported that during the execution of the IPO project, UBS Securities comprehensively led and coordinated the work of various lines. With strong execution capabilities, UBS Securities assisted the issuer in completing its IPO listing approximately 13 months after the CSRC accepted the application. Amidst recent fluctuations in the A-share market and a slowing pace of issuance, UBS Securities has arranged nearly 40 roadshows to fully communicate with institutional investors and gain widespread recognition from investors across the country. The Maijia Xincai IPO has also become the first motherboard IPO project recommended by a foreign-owned securities firm after the implementation of the comprehensive registration system.
Qian Yujun, President of UBS Group in China and Chairman of UBS Securities, said, "This project combines the joint efforts of UBS Group's investment banking, wealth management, research department, and other departments, confirming the advantages of UBS's dual platform capital market integration both domestically and internationally, and reflecting UBS's comprehensive and diversified professional financial service capabilities
Sun Lijun, co head of global investment banking at UBS Securities, added: As the exclusive sponsor and lead underwriter of this project, UBS Securities, with its strong comprehensive service capabilities, has made reasonable arrangements for the key tasks of each stage of the IPO, efficiently completing exchange review, registration, and issuance work. The quality of project execution, project progress, and issuance underwriting have all been highly recognized by the issuer, fully reflecting UBS's leading position in the domestic equity market