-- Victory Giant Technology (HKG:2476, SHE:300476) raised HK$19.89 billion in net proceeds from its initial public offering in Hong Kong.
The final offer price was set at HK$209.88 per H-share, according to a Monday after-market filing with the Hong Kong Stock Exchange.
The China-based printed circuit board manufacturer offered 95.9 million H-shares in the global offering.
The Hong Kong public offer was 431.15 times subscribed, with a final allocation of 8.3 million shares, representing about 8.2% of the total offering.
The international offering was 18.5 times subscribed, with a final allocation of 87.5 million shares, or about 91.3% of the total offering.
An over-allocation of 14.4 million shares was made under the global offering.
Cornerstone investors, including CPE Rosewood Investment, Janchor Partners Pan-Asian Master Fund, Yunfeng Capital, Morgan Stanley, and HHLR Advisors, were allotted a combined 37.2 million shares, according to the filing.
Victory Giant Technology is scheduled to debut on the Hong Kong bourse on Tuesday, April 21.