UBoT Holding Raises HK$31 Million in Hong Kong IPO; Prices Offering at Bottom of Range

MT Newswires Live06-03

UBoT Holding Group (HKG:8529) raised HK$31.4 million in net proceeds from its Hong Kong initial public offering after pricing the shares at the bottom of the indicative price range.

The back end semiconductor transport media manufacturer issued 137.5 million shares at HK$0.50 apiece, the bottom end of its guidance of as high as HK$0.60 each, according to a Friday disclosure.

The Hong Kong or public offering portion of the deal was 2,503.03 times oversubscribed, prompting the firm to reallocate 50 million shares to the public offering from the placing. The final number of shares under this component was increased to 62.5 million shares.

The international or placing shares were 1.15 times oversubscribed, and the firm issued 75 million shares after adjustment.

UBoT Holding will debut on the Hong Kong bourse on Monday, June 3.

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