DIRECT DRIVE (06731) opened its IPO at HK$21.60, raising about HK$10.8bn

• Mechanism18C clawback: <10x → up to 10% at discretion; 10x to <50x → 10%; ≥50x → 20%
• Entry FeeHK$2,160.00
• Public Offer Lots25,000 lots
• Public Offer AmountHK$54M
• Cornerstone Share43.5%
• GreenshoeYes
• SponsorCITIC Securities (Hong Kong) Limited, CLSA LIMITED
• Stabilizing ManagerCLSA LIMITED

Source DIRECT DRIVE