Jiangxi Qiyunshan Food (HKG:2797) will receive HK$167 million in net proceeds from its initial public offering in Hong Kong after pricing the shares at the upper limit of the indicative range.

The fruit snacks company issued 25 million shares at HK$8 each, the top end of its guidance of as low as HK$5, according to a Wednesday disclosure.

The Hong Kong public offering portion was 1,688.1 times subscribed, with 2.5 million shares allocated, while the international offering was 1.51 times subscribed, with 22.5 million shares allocated.

Qiyunshan Food is set to debut on the Hong Kong bourse today, July 9.