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SG Micro Raises HK$4.5 Billion in Hong Kong IPO

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SG Micro (HKG:3661) raised HK$4.5 billion in net proceeds from its initial public offering in Hong Kong, according to a Thursday after-market filing with the Hong Kong Exchange.

The analog integrated circuit company priced its IPO at HK$85.20 per share, issuing 54 million shares.

The Hong Kong public offering portion of the deal was 251.73 times subscribed, with a final allocation of 5.4 million shares.

The international offering was 23.5 times subscribed, with 48.6 million shares allocated.

Cornerstone investors were allotted 26.9 million shares, accounting for 49.89% of the IPO shares.

SG Micro is set to debut on the Hong Kong bourse today, June 26.

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