Apple Supplier Lens Technology to Debut in Hong Kong After $607 Million Float
The shares rose in gray-market trading on Tuesday. They were sold at HK$18.18 a share, the high end of the marketed range, and attracted cornerstone investors such as Xiaomi Corp., UBS Asset Management AG and Oaktree Capital Management. It was priced at 30% below the Friday closing price of Lens Technology's Shenzhen-listed stock — a steeper discount than what Hong Kong shares typically trade at versus China-listed ones.
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