China’s Victory Giant Technology has determined the price of its Hong Kong share sale at the top end of its indicated range, seeking HK$17.5 billion ($2.24 billion), the printed circuit board maker said on Thursday.
The sale offering at HK$209.88 per share marks Hong Kong’s largest listing since Zijin Gold International raised $3.5 billion in September, according to Dealogic data.
The Shenzhen-listed company expects to announce details of indications of interest in the deal on April 20.
Founded in 2006, Victory Giant makes advanced printed circuit boards for artificial intelligence accelerator cards, servers and data centre switches.
Cornerstone investors led by CPE Rosewood, Janchor Fund and Alibaba co-founder Jack Ma’s Yunfeng Capital are set to buy around $997 million worth of shares, according to a prospectus released earlier.
Trading of the company’s shares is scheduled to start on the Hong Kong Stock Exchange on April 21.
Reuters
