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<IPO>LENS (06613.HK) Entry Fee $3,672.68, Attracts XIAOMI-W as Cornerstone Investor
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LENS (06613.HK) announced its IPO details, planning to globally offer 262 million H shares, with approximately 11% for the Hong Kong public offering and 89% for the international offering. The IPO price per share ranged from HKD17.38 to HKD18.18. Entry fee was HKD3,672.68 with a board lot size of 200 shares.

The IPO opens today (June 30) and will close at noon on Friday (July 4), with listing expected next Wednesday (July 9). CITIC Securities was the sole sponsor.

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Lens Technology (300433.SZ) closed at RMB22.06 last Friday (June 27) on the A-share market, implying a discount of approximately 24.4-27.7% for the H-share IPO price compared to the A-share price.

The company's H-share listing attracted 10 cornerstone investors, including XIAOMI-W (01810.HK)'s Green Better, OLYMPIC CIRCUIT (603920.SH)'s Olympic Country, UBS AM Singapore, Oaktree, LMR, GOLDSTREAM INV (01328.HK)'s Redwood, QRT, Poly Platinum, and Verition, collectively subscribing to USD191 million worth of company shares.

Based on the median IPO price of HKD17.78, the company was expected to raise net proceeds of approximately HKD4.59 billion.

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