Tianju Dihe (Suzhou) Technology Launches Up to HK$401.5 Milion Hong Kong IPO

MT Newswires Live06-20

Tianju Dihe (Suzhou) Technology (HKG:2479) launched its initial public offering in Hong Kong, seeking to raise up to HK$401.5 million from the deal, according to a Thursday filing with the Hong Kong Stock Exchange.

The Chinese application programming interface-enabled data exchange service provider is offering up to about 4.8 million shares expected to be priced at HK$83.33 per share, the filing said.

Shares are expected to start trading on the stock exchange on June 28.

The data exchange service company intends to use the net proceeds of about HK$344 million to upgrade its API suite and other existing data management products, boost data security and privacy protection technologies, and for working capital.

The company attracted Reynold Lemkins Group (Asia), Suzhou Harvest International, Xuzhou Economic and Technology Development Zone (HK) Investment, and Gold Wings Holdings as cornerstone investors.

CLSA, CMB International Capital, ABCI Capital, Soochow Securities International Brokerage, ICBC International Securities, CCB International Capital, SPDB International Capital, Livermore Holdings, Futu Securities International (Hong Kong), and Tiger Brokers (HK) Global, are the joint bookrunners and lead managers of the IPO.

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