<div id="readability-page-1">Shares of 3D printing company Shenzhen Creality 3D Technology Co. Ltd. (3388.HK) open up 80% in their Hong Kong debut on Friday, then later pared some of the gains to close at HK$25.62 by the midday break, up 36% from its offering price. The company sold 73.43 million shares for HK$18.80 each, raising net proceeds of HK$1.27 billion ($163 million). The public offering for local Hong Kong investors was oversubscribed by more than 3,800 times, while the international placement was oversubscribed by 25.8 times. Fifteen cornerstone investors purchased 36.6 million shares, representing 49.9% of the total offering. Approximately 30% of the proceeds will be used for R&amp;D, about 25% will go to overseas operations, 25% will go to the development of global brand promotion and sales channels, and 10% will be used for investments and acquisitions. The company’s revenue last year rose 36.7% to 3.13 billion yuan, while its loss totaled 182 million yuan. By Lau Chi Hang To subscribe to Bamboo Works weekly free newsletter, click here</div>

创想三维

深圳创想 3D 科技有限公司在香港上市首日股价上涨 80%，午盘收于每股 25.62 港元，较发行价上涨 36%。公司以每股 18.80 港元发行 7343 万股，筹集净收益 12.7 亿港元（1.63 亿美元）。本地投资者的公开发售超额认购 3800 倍，国际配售超额认购 25.8 倍。15 位基石投资者购买了 3660 万股，占总发行量的 49.9%。约 30% 的收益将用于研发，25% 用于海外业务。

BRIEF: Heavily oversubscribed Creality rises in Hong Kong debut