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Rigol Technologies Nets HK$1 Billion in Hong Kong IPO

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Rigol Technologies (HKG:0537, SHA:688337) will receive HK$1.04 billion in net proceeds from its initial public offering in Hong Kong.

The electronic test and measurement company priced its IPO at HK$45.98 per share, issuing 24.8 million shares, according to a Wednesday after-market filing with the Hong Kong Exchange.

The Hong Kong public offering portion of the deal was 356.86 times subscribed, with 2.48 million shares allocated, while the international offering was 9.17 times subscribed, with 22.3 million shares allocated.

Cornerstone investors were allotted 10.4 million shares, representing 42.1% of the IPO shares.

Rigol Technologies is set to debut on the Hong Kong bourse today, July 9.

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