Key Takeaways:
Viewtrix Tech (03310.HK) launched its Hong Kong initial public offering, aiming to raise approximately HKD 997 million to fund its global expansion.
The company plans to globally offer 52.8592 million H shares, with CICC and CITIC Securities as joint sponsors, according to the prospectus.
The offering includes a Hong Kong public offering of about 10 percent and an international offering of about 90 percent. The offer price is set at HKD 20.81 per share, with trading in board lots of 200 shares. The subscription period for the public offering runs from today, the 18th, until noon on the 21st, with the stock expected to be listed on the Main Board on Wednesday, the 27th.
The IPO has secured HKD 389 million from two cornerstone investors, Digital Vista GD Investment LP and SpreadCom Limited. The pricing gives the company a significant valuation, with the cornerstone backing providing a strong signal of investor confidence. First-day trading on the 27th will be a key test of institutional and retail demand.
This article is for informational purposes only and does not constitute investment advice.
