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Anker Innovations Nets HK$4.5 Billion in Hong Kong IPO

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Anker Innovations (HKG:0668, SHE:300866) raised HK$4.52 billion in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$99.32 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.

The Chinese consumer electronics maker offered 46.6 million H-shares in the global offering.

The Hong Kong public offer was 27.57 times subscribed, with a final allocation of 4.7 million shares, representing 10% of the total offering.

The international offering was 10.24 times subscribed, with a final allocation of 42 million shares, or 90% of the total offering.

An over-allocation of 7 million shares was made under the global offering.

Cornerstone investors, including Schroders, Aspex, Principal Asset Management (Asia), Greenwoods Asset Management Hong Kong, and HACF, were allotted a combined 23.3 million shares, representing 49.90% of the global offering, according to the filing.

Anker is scheduled to debut on the Hong Kong bourse on Thursday, July 2.

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