Extreme Vision Technology Nets HK$434 Million From Hong Kong IPO Ahead of Debut

MT Newswires Live03-30

Shandong Extreme Vision Technology (HKG:6636) raised HK$434.4 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$40 per H-share, according to a Friday after-market filing with the Hong Kong Stock Exchange.

The Chinese computer vision service provider offered 12.5 million H-shares in the global offering.

The Hong Kong public offer was 4,591.37 times subscribed, with a final allocation of 2.5 million shares, representing 20% of the total offering.

The international offering was 3.41 times subscribed, with a final allocation of 10.0 million shares, or 80% of the total offering.

Cornerstone investors, including Zhengjin International and GKI, were allotted a combined 1.2 million shares, representing 9.45% of the global offering, according to the filing.

Extreme Vision Technology is scheduled to debut on the Hong Kong bourse on Monday, March 30.

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