Impression Dahongpao Nets HK$103.6 Million from Hong Kong IPO Ahead of Debut

MT Newswires Live12-22 06:37

Impression Dahongpao (HKG:2695) raised HK$103.6 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$3.60 per share, near the lower end of the offer price range of HK$3.47 to HK$4.10, according to a Friday after-market filing with the Hong Kong Stock Exchange.

The cultural tourism service provider offered 36.1 million H-shares in the global offering.

The Hong Kong public offer was 3,397.48 times oversubscribed, with a final allocation of 3.61 million shares, or 10% of the total offering.

The international offering was 1.91 times subscribed, with a final allocation of 32.5 million shares, or 90% of the total.

Impression Dahongpao is scheduled to debut on the Hong Kong bourse on Monday, Dec. 22.

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