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Victory Giant Technology Nets HK$19.9 Billion in Hong Kong IPO Ahead of Debut

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-- Victory Giant Technology (HKG:2476, SHE:300476) raised HK$19.89 billion in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$209.88 per H-share, according to a Monday after-market filing with the Hong Kong Stock Exchange.

The China-based printed circuit board manufacturer offered 95.9 million H-shares in the global offering.

The Hong Kong public offer was 431.15 times subscribed, with a final allocation of 8.3 million shares, representing about 8.2% of the total offering.

The international offering was 18.5 times subscribed, with a final allocation of 87.5 million shares, or about 91.3% of the total offering.

An over-allocation of 14.4 million shares was made under the global offering.

Cornerstone investors, including CPE Rosewood Investment, Janchor Partners Pan-Asian Master Fund, Yunfeng Capital, Morgan Stanley, and HHLR Advisors, were allotted a combined 37.2 million shares, according to the filing.

Victory Giant Technology is scheduled to debut on the Hong Kong bourse on Tuesday, April 21.

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