Epiworld International Raises HK$1.6 Billion From Hong Kong IPO Ahead of Debut

MT Newswires Live03-30

Epiworld International (HKG:2726) raised HK$1.56 billion in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$76.26 per H-share, according to a Friday after-market filing with the Hong Kong Stock Exchange.

The Chinese semiconductor materials company offered 21.5 million H-shares in the global offering.

The Hong Kong public offer was 50.66 times subscribed, with a final allocation of 2.1 million shares, representing 10% of the total offering.

The international offering was 1.95 times subscribed, with a final allocation of 19.3 million shares, or 90% of the total offering.

Cornerstone investor Xiamen Advanced Intelligent Manufacturing Industry Investment was allotted 10.1 million shares, representing 46.80% of the global offering, according to the filing.

Epiworld International is scheduled to debut on the Hong Kong bourse on Monday, March 30.

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