160 Health International Nets HK$316 Million from Hong Kong IPO Ahead of Trading Debut

MT Newswires Live09-17

160 Health International (HKG:2656) raised HK$316.1 million in net proceeds from its initial public offering in Hong Kong, with the final offer price set at HK$11.89 per share.

The digital healthcare integrated services provider offered 33,645,500 shares, according to an after-market filing with the Hong Kong Stock Exchange on Tuesday.

The Hong Kong public offer was 751.77 times oversubscribed, with the final allocation of 3,364,750 shares, unchanged from the initial allotment.

The international offering was 1.92 times subscribed, with the final allocation of 30,280,750 shares, also unchanged. The overallotment option was not exercised.

160 Health International will make its trading debut on the bourse on Wednesday, Sept. 17.

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