Dmall (HKG:2586) raised about HK$623.7 million through an initial public offering in Hong Kong before Friday's debut.
The digital software firm offered about 25,774,000 shares at HK$30.21 apiece. The gross proceeds were about HK$778.6 million
A total of about 2.6 million shares were allotted to Hong Kong investors, which was 1.94 times oversubscribed, according to a Thursday filing.
The international or placing shares were 1.36 times oversubscribed, and the firm issued about 23.2 million shares.
DFI Development Holdings, a unit of DFI Retail Group (SGX:D01), is the cornerstone investor.
The retail digitalization company intends to use the proceeds to create new applications and service modules, expand talent acquisition, boost strategic investments, grow its sales and marketing efforts, and fund working capital, according to the company's prospectus issued previously.
Dmall will start trading on the Hong Kong bourse on Dec. 6.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。