Fortior Technology (SHA:688279, HKG:1304) said its overallotment option was fully exercised, resulting in the issuance of 2.8 million H-shares at HK$120.5 each, raising about HK$326.3 million in additional net proceeds, according to a Thursday Hong Kong bourse filing.
The shares represent 15% of the initial offer size before the option exercise and will be used to cover over-allocations in the international tranche.
Trading of the new shares is set to begin on July 29.
Fortior plans to use the proceeds on a pro-rata basis in line with its IPO prospectus.
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