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Crealights Technology Nets HK$1.4 Billion from Hong Kong IPO

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Crealights Technology (HKG:1191) received HK$1.42 billion in net proceeds from its initial public offering in Hong Kong, according to a Friday after-market filing with the Hong Kong Exchange.

The optoelectronic interconnection products maker priced its IPO at HK$114 per share, issuing roughly 13.4 million shares.

The Hong Kong public offering portion of the deal was 1,296.89 times subscribed, with 1.34 million shares allocated, while the international offering was 15.51 times subscribed, with 12.08 million shares allocated.

Cornerstone investors were allotted 6.69 million shares, the filing stated.

Crealights Technology is set to debut on the Hong Kong bourse today, June 29.

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