Beijing 51World Digital Twin Technology (HKG:6651) raised HK$650 million in net proceeds from its initial public offering in Hong Kong after pricing the shares at the intended maximum.
The digital twin technology company issued 23.97 million shares at HK$30.50 each, according to a Monday disclosure.
The Hong Kong public offering was 256.01 times oversubscribed, prompting an increase in the allocation to 4.79 million shares from the 1.19 million initially set aside.
The international tranche was 2.6 times subscribed, with 19.18 million shares issued, down from the 22.78 million shares originally available.
51World Digital Twin will start trading on the Hong Kong bourse today, Dec. 30.
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