QingSong Health Raises HK$513 Million from Hong Kong IPO Ahead of Debut

MT Newswires Live12-23 06:45

QingSong Health Corporation (HKG:2661) raised HK$513.4 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$22.68 per share, according to an after-market filing with the Hong Kong Stock Exchange on Monday.

The telehealth company offered 26.5 million shares in the global offering.

The Hong Kong public offer was 1,421.47 times oversubscribed, with a final allocation of 2.7 million shares, or 10% of the total offering.

The international offering was 2.9 times subscribed, with a final allocation of 23.9 million shares, or 90% of the total.

QingSong Health is scheduled to debut on the Hong Kong bourse on Tuesday, Dec. 23.

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