The single intermediary appointed by or on behalf of the offeror to take stabilizing action during the stabilizing period. Under the Securities and Futures (Price Stabilizing) Rules (Cap. 571W), the stabilizing period begins when trading of the securities commences after the offer document is issued and the offer price is announced, and ends on the earlier of the 30th day after the closing date or after trading commences. Within 7 days after the stabilizing period ends, a public announcement of the stabilizing actions must be made. Basis: Securities and Futures (Price Stabilizing) Rules, section 2, the announcement requirement and Schedule 3.
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This page explains the HK IPO term "Stabilizing Manager" 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.
