Dmall (HKG:2586) launched its initial public offering in Hong Kong Thursday, seeking to raise up to HK$778.6 million from the deal.
The retail digitalization company is offering up to 25,774,000 shares at HK$30.21 per share, according to a Thursday filing with the Hong Kong Exchange.
Dmall expects to disclose allocation results on Dec. 5 while shares will begin trading on the stock exchange on Dec. 6.
The retail digitalization company intends to use the proceeds to create new applications and service modules, expand talent acquisition, boost strategic investments, grow its sales and marketing efforts, and fund working capital.
DFI Development Holdings, a unit of DFI Retail Group (SGX:D01), is the cornerstone investor.
UBS AG Hong Kong, CMB International Capital, China Merchants Securities (HK), CLSA, China International Capital Corporation Hong Kong Securities, CCB International Capital, CMBC Securities, Haitong International Securities, ABCI Capital, ABCI Securities, BOCI Asia, BOCOM International Securities, Central China International Securities, China Galaxy International Securities (Hong Kong), Futu Securities International (Hong Kong), GF Securities (Hong Kong) Brokerage, ICBC International Securities, Orient Securities (Hong Kong), Patrons Securities, Ruibang Securities, Shenwan Hongyuan Securities (H.K.), SPDB International Capital, Tiger Brokers (HK) Global, and UOB Kay Hian (Hong Kong, are the joint bookrunners and lead managers of the IPO.
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