UISEE Technologies Nets HK$795 Million Ahead of Hong Kong Trading Debut

MT Newswires Live

May 20

UISEE Technologies (Beijing) (HKG:1511) raised HK$795.4 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$60.30 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.

The Chinese autonomous driving technology company offered 14.5 million H-shares in the global offering.

The Hong Kong public offer was 6,777.29 times subscribed, with a final allocation of 2.9 million shares, representing 20% of the total offering.

The international offering was 5.66 times subscribed, with a final allocation of 11.6 million shares, or 80% of the total offering.

Cornerstone investors, including Xiongan Autonomous Driving, CYGG Holding, and Starwin International, were allotted a combined 4.3 million shares, representing 29.96% of the global offering, according to the filing.

UISEE Technologies is scheduled to debut on the Hong Kong bourse on Wednesday, May 20.

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