Wuxi Lead Intelligent Equipment (HKG:0470, SHE:300450) raised HK$4.80 billion in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$45.80 per share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.

The China-based intelligent equipment manufacturer offered 107.7 million H shares in the global offering, after the full exercise of the offer size adjustment option.

The Hong Kong public offer was 79.54 times subscribed, with a final allocation of 9.4 million shares, representing 8.7% of the total offering.

The international offering was 10.47 times subscribed before the offer size adjustment, with a final allocation of 98.3 million shares, or 91.3% of the total offering.

An over-allocation of 16.1 million shares was made under the global offering.

Cornerstone investors, including Oaktree Capital Management, Aspex Master Fund, MY Asian Opportunities Master Fund, Pinpoint Asset Management, Ovata Capital, Qube Master Fund, and several other institutional investors, were allotted a combined 46.8 million shares, representing 43.48% of the global offering, according to the filing.

Wuxi Lead Intelligent Equipment is set to debut on the Hong Kong bourse on Wednesday, Feb. 11.