NetEase Hong Kong shares listed on the first day of the market up 6.02% , total market value of HK$447.2 billion

On June 11, NetEase officially landed on the Hong Kong Stock Exchange today, opening at HK$133, up 8.13 per cent from its offering price of HK$123. By the close, NetEase’s shares were up 6.02 per cent at HK$130.4, giving it a market capitalisation of HK$447.2bn. NetEase’s global offering of 171m new shares raised more than HK$20bn, making it the largest public offering of hkEx so far in 2020, according to the prospectus.

NetEase Hong Kong shares listed on the first day of the market up 6.02% total market value of HK$447.2 billion

NetEase was founded in 1997 and listed on NASDAQ in 2000. In 2019, NetEase has been officially listed on the New York Stock Exchange, and Today NetEase is officially listed on the Hong Kong Stock Exchange for the second time. So far, NetEase has become the parent company and subsidiary in the NASDAQ, NYSE, HKEx listed Internet enterprises at the same time.

Over the course of 20 years, NetEase’s share price has grown more than 90 times from its offering price. NetEase is a quarterly dividend-paying chinese share. Starting in 2014, NetEase began to issue quarterly dividends and continues to this day.

Earlier this morning, NetEase announced on the Hong Kong Stock Exchange that it would pay first-quarter dividends in U.S. dollars. The shares of the company will be traded on the Hong Kong Stock Exchange at ex-dividend prices.

According to statistics, net-a-porter’s overall annualized return on holdings exceeded 26.2%, well above the market average. Over the same period of 20 years, the indexes of major stock markets have returned less than 5% a year.

Listing in Hong Kong is undoubtedly a new milestone for NetEase.