Knowledge Atlas Technology Joint Stock Company (HKG:2513) raised HK$4.17 billion in net proceeds from its initial public offering in Hong Kong.

The offer price was set at HK$116.20 per share, according to a Wednesday after-market filing with the Hong Kong Stock Exchange.

The artificial intelligence company offered 37.4 million H-shares in the global offering.

The Hong Kong public offer was 1,159.46 times oversubscribed, with a final allocation of 7.48 million shares, or 20% of the total offering, after a clawback.

The international offering was 15.28 times subscribed, with a final allocation of 29.9 million shares, or 80% of the total.

An overallotment of 5.61 million shares was made under the global offering.

Cornerstone investors, including JSC International Investment Fund SPC (Qizhi SP), Perseverance Asset Management, WT Asset Management, Taikang Life, GF Fund, 3W Fund, and others, were allotted a combined 25.7 million shares, representing 68.63% of the global offering, according to the filing.

Knowledge Atlas Technology is scheduled to debut on the Hong Kong bourse on Thursday, Jan. 8.