BenQ BM (HKG:2581) raised HK$554.5 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$9.34 per share, the bottom of the offer price range of HK$9.34 to HK$11.68, according to an after-market filing with the Hong Kong Stock Exchange on Friday.

The Chinese private for-profit general hospital group offered 67 million shares in the global offering.

The Hong Kong public offer was 6.28 times oversubscribed, with a final allocation of 6.7 million shares, or 10% of the total offering.

The international offering was 1.28 times subscribed, with a final allocation of 60.3 million shares, or 90% of the total offering.

Cornerstone investors, including Heron Neutron Medical, Cowealth Medical China, and Suzhou Zhanxingtou Industrial Fund, were allotted a combined 33.3 million shares, representing 49.63% of the global offering, according to the filing.

BenQ BM Holding is scheduled to debut on the Hong Kong bourse on Monday, Dec. 22.