Saint Bella (HKG:2508) said its underwriters partially exercised the overallotment option of its Hong Kong listing, and the stabilization period of its initial public offering ended, according to a Hong Kong bourse filing Wednesday.

Shares of the postpartum care and recovery company fell over 1% in morning trade Thursday.

The company will issue 12,463,500 shares at HK$6.58 apiece for additional net proceeds of HK$79.1 million.

Meanwhile, the company said a total of 16,459,500 shares were over-allocated in the international portion of the IPO, resulting in the borrowing of the shares from Primecare International and a further purchase of 3,996,000 shares on the open market during the stabilization period.

The shares were purchased at HK$6.08 to HK$6.58 per share.

The number of shares held by public after the stabilization period amounted to at least 25% of the total registered share capital of the company, meeting Hong Kong's listing requirements.