iFlytek Medical Technology (02506) public offering subscribed 3.66 times, raising approximately HK$507 million from global offering.

Xunfei Medical Technology (02506) announced the results of the placement, with a total of 7.0355 million shares sold globally, with 10% offered to the public and 90% offered internationally. The final offering price was HK$82.8 per share, with a net raise of approximately HK$507 million from the global offering. Trading of H shares on the Hong Kong Stock Exchange is expected to begin at 9:00 am on December 30, 2024 (Monday). The public offering was oversubscribed by 3.66 times, while the international offering was oversubscribed by 1.1 times.