Shenzhen Creality 3D Technology (HKG:3388) raised HK$1.27 billion in net proceeds from its initial public offering in Hong Kong.

The offer price was set at HK$18.80 per H-share, according to a Thursday after-market filing with the Hong Kong Stock Exchange.

The China-based 3D printing products provider offered 73.4 million H-shares in the global offering.

The Hong Kong public offer was 3,829.42 times subscribed, with a final allocation of 7.3 million shares, representing 10% of the total offering.

The international offering was 26.80 times subscribed, with a final allocation of 66.1 million shares, or 90% of the total offering.

An over-allocation of 11 million shares was made under the global offering.

Cornerstone investors, including Taikang Life Insurance, CITIC Industrial International Investment, CPE Greater China Enterprises Growth Fund, Martis Fund, and Hong Kong BoYue International Investment Fund, were allotted a combined 36.6 million shares, representing 49.90% of the global offering, according to the filing.

Shenzhen Creality 3D Technology is scheduled to debut on the Hong Kong bourse on Friday, May 29.