Able Digital Nets HK$393.7 Million from Hong Kong IPO Ahead of Debut

MT Newswires Live12-08

Shanghai Able Digital Science & Tech (HKG:2687) raised HK$393.7 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$67.50 per share, according to an after-market filing with the Hong Kong Stock Exchange on Friday.

The digital teaching and learning company offered 6.7 million H-shares in the global offering.

The Hong Kong public offer was 4,813.40 times oversubscribed, with a final allocation of 666,700 shares, or 10% of the total offering.

The international offering was 2.33 times subscribed, with a final allocation of 6.0 million shares, or 90% of the total.

Able Digital is scheduled to debut on the Hong Kong bourse on Monday, Dec. 8.

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