Lens Technology (HKG:6613, SHE:300433) said its underwriters fully 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 Sunday.

Shares of the protective panels producer fell nearly 1% in recent trade.

The company will issue 39,338,400 H shares at HK$18.18 apiece for additional net proceeds of HK$710.8 million.

Meanwhile, the company said a total of 39,338,400 H shares were over-allocated in the international portion of the IPO.

The company also received a waiver from the Hong Kong Stock Exchange to allow a lower public float than required.