Lens Technology (HKG:6613, SHE:300433) raised HK$4.69 billion in net proceeds from its initial public offering in Hong Kong.

The precision manufacturing solutions provider priced the 262,256,800 shares offered at HK$18.18 apiece, the top end of the indicative range, according to a Tuesday after-market filing with the Hong Kong bourse.

The Hong Kong public offering was 462.76 times subscribed, prompting the company to reallocate 89,167,200 shares from the international tranche, bringing the final number of shares offered under the local component to 118,015,600.

The international offering was 16.68 times subscribed, with the final number of shares allocated totaling 144,241,200 after the reallocation.

A total of 82,471,800 shares, 31.45% of the total offering, were taken up by cornerstone investors. Key investors include UBS Asset Management, Oaktree Capital Management, LMR Multi-Strategy Master Fund, and Verition.

Lens Technology is scheduled to begin trading on the Hong Kong bourse Wednesday morning.