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NASN Intelligent Tech Nets HK$533 Million From Hong Kong IPO

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NASN Intelligent Tech (HKG:2261) raised HK$533.2 million in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$10.42 per H-share, according to a Thursday after-market filing with the Hong Kong Stock Exchange.

The Chinese intelligent driving technology company offered 57.6 million H-shares in the global offering.

The Hong Kong public offer was 2,513.54 times subscribed, with a final allocation of 5.8 million shares, representing 10% of the total offering.

The international offering was 2.12 times subscribed, with a final allocation of 51.8 million shares, or 90% of the total offering.

NASN Tech is scheduled to debut on the Hong Kong Stock Exchange on Friday, Aug. 7.

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