Huayan Robotics Raises HK$1.5 Billion From Hong Kong IPO Ahead of Debut

MT Newswires Live03-30

Guangdong Huayan Robotics (HKG:1021) raised HK$1.48 billion in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$17 per H-share, according to a Friday after-market filing with the Hong Kong Stock Exchange.

The Chinese robotics company offered 92.9 million H-shares in the global offering.

The Hong Kong public offer was 5,059.38 times subscribed, with a final allocation of 16.2 million shares, representing 17.4% of the total offering.

The international offering was 16.65 times subscribed, with a final allocation of 76.7 million shares, or 82.6% of the total offering.

An over-allocation of 13.9 million shares was made under the global offering.

Cornerstone investors, including HHLR Advisors, GF Fund, Morgan Stanley & Co. International, Samson Group, Haojun Investment, Eternal Summer Consulting, Shrewd Pioneer, Richfirm (Hong Kong) Development, and VVC Technology Fund, were allotted a combined 45.3 million shares, according to the filing.

Huayan Robotics is scheduled to debut on the Hong Kong bourse on Monday, March 30.

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