ALSCO Pooling Service Raises HK$175.5 Million From Hong Kong IPO Ahead of Debut

MT Newswires Live03-09

ALSCO Pooling Service (HKG:2649) raised HK$175.5 million in net proceeds from its initial public offering in Hong Kong, according to a Friday after-market filing with the Hong Kong Stock Exchange.

The final offer price was set at HK$11.00 per H-share, the bottom of the offer price range, the filing showed.

The logistics pooling service provider offered 20.3 million H-shares in the global offering.

The Hong Kong public offer was 5,297.23 times subscribed, with a final allocation of 2.03 million shares, representing 10% of the total offering.

The international offering was 4.20 times subscribed, with a final allocation of 18.3 million shares, or 90% of the total offering.

ALSCO Pooling Service is scheduled to debut on the Hong Kong bourse on Monday, March 9.

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