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Liuliumei Nets HK$440 Million in Hong Kong IPO Ahead of Debut

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Liuliumei (HKG:6658) raised HK$440.1 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$43.58 per H-share, according to a Friday after-market filing with the Hong Kong Stock Exchange.

The China-based fruit snack company, focused on plum-based products, offered 11.5 million H-shares in the global offering.

The Hong Kong public offer was 6,586.73 times subscribed, with a final allocation of 1.1 million shares.

The international offering was 2.64 times subscribed, with a final allocation of 10.3 million shares.

Cornerstone investors Fanchang Revitalization and Top New were allotted a combined 3.4 million shares, representing 29.55% of the global offering, according to the filing.

Liuliumei is scheduled to debut on the Hong Kong bourse on Monday, June 15.

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