Shanghai Seer Intelligent Technology (HKG:6106) raised HK$995.4 million in net proceeds from its initial public offering in Hong Kong, according to a Tuesday after-market filing with the Hong Kong Exchange.

The intelligent robotics company priced its IPO at HK$101.60 per share, issuing 10.5 million shares.

The Hong Kong public offering portion of the deal was 5,934.56 times subscribed, triggering a clawback that increased the allocation to 2.09 million shares from the initial 524,900.

The international offering was 21.29 times subscribed, with the final allocation reduced to 8.39 million shares from the initial 9.9 million.

Cornerstone investors were allotted 4.5 million shares, accounting for 43.34% of the IPO shares.

Seer Tech is set to debut on the Hong Kong bourse today, June 24.