Nuobikan Artificial Intelligence Technology (Chengdu) (HKG:2635) raised HK$257.4 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$80.00 per share, the bottom of the offer price range of HK$80.00 to HK$106.00, according to a Monday after-market filing with the Hong Kong Stock Exchange.

The artificial intelligence technology company offered 3.8 million H-shares in the global offering.

The Hong Kong public offer was 188.74 times oversubscribed, with a final allocation of 378,700 shares, or 10% of the total offering.

The international offering was 2.08 times subscribed, with a final allocation of 3.4 million shares, or 90% of the total.

Nuobikan Artificial Intelligence Technology is scheduled to debut on the Hong Kong bourse on Tuesday, Dec. 23.