Shenzhen Dobot (HKG:2432) has priced its Hong Kong initial public offering at HK$18.80 per share, the lower end of its indicative price range of HK$18.80 to HK$20.80.
The company raised HK$681.4 million in net proceeds from the offering, according to a Hong Kong stock exchange filing on Monday.
The robotics services company sold 40,000,000 shares.
The Hong Kong portion of the offering was oversubscribed 9.25 times the 2,000,000 shares on offer, bringing the final number of offer shares to the same amount.
The international portion of the offering was oversubscribed 2.64 times, with the company issuing about 38,000,000 shares.
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