Viewtrix Technology (HKG:3310) raised HK$1.02 billion in net proceeds from its initial public offering in Hong Kong.

The offer price was set at HK$20.81 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.

The Chinese AMOLED display driver integrated circuit designer offered 52.9 million H-shares in the global offering.

The Hong Kong public offer was 3,559.68 times subscribed, with a final allocation of 5.3 million shares, representing 10% of the total offering.

The international offering was 7.05 times subscribed, with a final allocation of 47.6 million shares, or 90% of the total offering.

An over-allocation of 7.9 million shares was made under the global offering.

Cornerstone investors, including Digital Vista and SpreadCom, were allotted a combined 18.7 million shares, representing 35.37% of the global offering, according to the filing.

Viewtrix Technology is scheduled to debut on the Hong Kong bourse on Wednesday, May 27.