Montage Technology (HKG:6809, SHA:688008) raised HK$6.90 billion in net proceeds from its initial public offering in Hong Kong.
The final offer price was set at HK$106.89 per share, according to a Friday after-market filing with the Hong Kong Stock Exchange.
The fabless IC design company offered 65.9 million H-shares in the global offering.
The Hong Kong public offer was 707.3 times subscribed, with a final allocation of 6.6 million shares, representing 10% of the total offering.
The international offering was 37.67 times subscribed, with a final allocation of 59.3 million shares, or 90% of the total offering.
An over-allocation of 9.9 million shares was made under the global offering.
Cornerstone investors, including J.P. Morgan Investment Management, UBS Asset Management (Singapore), Yunfeng Capital-affiliated vehicles, Alisoft China Holding, Aspex Master Fund, Janchor Partners Pan-Asian Master Fund, and abrdn Asia, were allotted a combined 32.8 million shares, representing 49.82% of the global offering, according to the filing.
Montage Technology is scheduled to debut on the Hong Kong bourse on Monday, Feb. 9.
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