Shanghai Voicecomm Information Technology Seeks Up to HK$664 Million in Hong Kong IPO

MT Newswires Live06-28 11:10

Shanghai Voicecomm Information Technology (HKG:2495) launched its initial public offering in Hong Kong Friday, seeking to raise up to HK$664 million from the deal.

The Chinese IT solutions provider company is offering up to 4,365,660 shares at HK$152.10 apiece, according to a Friday filing with the Hong Kong Stock Exchange.

Shanghai Voicecomm expects to disclose allocation results on July 9. Shares will begin trading on the stock exchange on July 10.

The IT solutions company intends to use the proceeds for research and development, expansion of solution offerings, domestic and overseas investments, and for general corporate purposes.

The company attracted Jiangsu Jiangkong Investment and Wuhan Guangtong Gongying Enterprise Management Partnership as cornerstone investors.

China International Capital Corp. Hong Kong Securities, China Securities (International) Brokerage Limited, CMBC Securities, Orient Securities (Hong Kong), ABCI Capital, CCB International Capital, China Everbright Securities (HK), China Galaxy International Securities (Hong Kong), Limited, China Merchants Securities (HK), CMB International Capital, DBS Asia Capital, GF Securities (Hong Kong) Brokerage, ICBC International Securities, Shenwan Hongyuan Securities (H.K.), Zhongtai International Securities Limited, Fosun International Securities, Futu Securities International (Hong Kong), Guosen Securities (HK) Capital, Livermore Holdings, Tiger Brokers (HK) Global, and TradeGo Markets, are the joint bookrunners and lead managers of the IPO.

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