Shandong Extreme Vision Technology Launches Nearly HK$500 Million Hong Kong IPO

MT Newswires Live
Yesterday

Shandong Extreme Vision Technology (HKG:6636) launched its Hong Kong initial public offering on Friday, seeking to raise HK$499.2 million from the deal.

The Chinese computer vision solution provider is offering around 12.48 million H shares at HK$40 apiece, according to a Hong Kong bourse filing.

The offering comprises 624,000 H shares for Hong Kong investors and 11.86 million H shares for international investors, subject to reallocation.

The IPO's allocation results are due March 27, ahead of the company's planned trading debut on the Hong Kong Stock Exchange on March 30.

Net proceeds will be used mainly for the company's research and development capabilities, as well as to support commercialization of the company's offerings.

The company secured Zhengjin International and George Kent International as cornerstone investors who committed to subscribing to a total of HK$47.2 million worth of IPO shares.

CLSA, CMB International Capital, ABCI Securities, SDIC Securities, Guosen Securities, Livermore Holdings, and China Sunrise Securities (International) are the joint bookrunners of the IPO.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10