Fortior Technology (Shenzhen) (HKG:1304) raised HK$2.14 billion in net proceeds from its initial public offering in Hong Kong, according to a Tuesday after-market filing with the Hong Kong bourse.

The integrated circuit design company priced the 18,744,400 shares offered at a final offer price of HK$120.50.

Fortior Technology said the offer size adjustment option was fully exercised, resulting in the issuance and allotment of 2,444,900 additional shares.

The Hong Kong public offering was 138.26 times subscribed, and the number of shares offered under this component grew to 8,149,800, or 43.5% of the total, from 1,630,000 initially, after reallocation.

Meanwhile, the international offering was 8.61 times subscribed and the number of shares offered was reduced to 10,594,600, or 56.5% of the total, following the clawback to the public tranche.

Fortior Technology is slated to begin trading on the Hong Kong Stock Exchange on Wednesday, July 9.