Shenzhen HQVT Technology Nets HK$537 Million in Hong Kong IPO

MT Newswires Live

06/19

Shenzhen HQVT Technology (HKG:1392) raised HK$536.83 million in net proceeds from its initial public offering in Hong Kong, according to a Thursday after-market filing with the Hong Kong Exchange.

The multispectral AI technology company priced its IPO at HK$7.20 per share, issuing 85.2 million shares in total.

The Hong Kong public offering portion of the deal was 7,181 times subscribed, with 8.52 million shares allocated.

The international placement received 4.81 times subscription, with 76.6 million shares allocated.

Shenzhen HQVT Technology is set to debut on the Hong Kong bourse on Monday, June 22.

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