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Senasic Electronics Nets HK$51 Million From Partial Exercise of IPO Over-Allotment Option

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Senasic Electronics Technology (HKG:6675) said the over-allotment option of its Hong Kong initial public offering was partially exercised on Sunday, according to a same-day filing with the Hong Kong bourse.

The wireless sensor system-on-chip provider expects to raise about HK$50.9 million in additional net proceeds.

The partial exercise involved the issuance of 2.86 million additional H shares at an offer price of HK$18.36 per share, representing about 5.4% of the total offer shares initially available under the global offering.

Dealings in the over-allotment shares are expected to begin on July 15, the filing said.

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