The offer price range disclosed in the prospectus. Public offer applications are made at the top of the range and the final offer price is set on the pricing date. If the final offer price is lower than the price paid on application, the difference is refunded. Basis: the White Form eIPO website's refund notice.
The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.
This page explains the HK IPO term "Offer Price Range" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.