Dajin Heavy Industry (HKG:1081, SHE:002487) raised HK$6.47 billion in net proceeds from its initial public offering in Hong Kong.
The final offer price was set at HK$66.40 per H-share, the maximum offer price of the deal, according to a Thursday after-market filing with the Hong Kong Stock Exchange.
The China-based offshore wind power equipment provider offered 100 million H-shares in the global offering after fully exercising the offer size adjustment option.
The Hong Kong public offer was 134.39 times subscribed, with a final allocation of 8.7 million shares, representing 8.7% of the total offering.
The international offering was 10.68 times subscribed before the exercise of the offer size adjustment option, with a final allocation of 91.3 million shares, or 91.3% of the total offering.
An over-allocation of 15 million shares was made under the global offering.
Cornerstone investors, including GIC, HHLRA, HIM, CPE Juniper, UBS AM Singapore, Taikang Life, Eastspring Singapore, and Eastspring HK, were allotted a combined 42.2 million shares, representing 42.21% of the global offering, according to the filing.
Dajin Heavy Industry is scheduled to debut on the Hong Kong bourse on Friday, June 5.