Fortior Technology (Shenzhen) (HKG:1304, SHA:688279) said the stabilization period of its initial public offering ended Aug. 3, according to a same-day filing with the Hong Kong bourse.
Shares of the integrated circuit design company were down over 2% in recent Monday trade.
A total of 2,811,600 H shares were over-allocated in the international portion of the IPO, resulting in the full-exercise of the over-allotment option by the IPO's sponsor-overall coordinator for an equal number of shares at HK$120.5 apiece.
No purchases were made on the open market, Fortior said.
The number of shares held by public after the stabilization period amounted to at least 25% of the total registered share capital of the company, meeting Hong Kong's listing requirements.
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