Lens Technology (HKG:6613) priced its initial public offering in Hong Kong at HK$18.18 per share, the top end of the indicative price range of as low as HK$17.38 per share.
The offer adjustment option was not exercised, according to a late Monday night filing with the Hong Kong stock exchange. The company noted that the option has lapsed and cannot be exercised at any future date.
Lens Technology is expected to disclose the allocation results Tuesday, with its trading debut anticipated to commence when the opening bell sounds Wednesday at 9 am.