<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>

創想三維

深圳創想 3D 科技有限公司在香港上市首日股價上漲 80%，午盤收於每股 25.62 港元，較發行價上漲 36%。公司以每股 18.80 港元發行 7343 萬股，籌集淨收益 12.7 億港元（1.63 億美元）。本地投資者的公開發售超額認購 3800 倍，國際配售超額認購 25.8 倍。15 位基石投資者購買了 3660 萬股，佔總發行量的 49.9%。約 30% 的收益將用於研發，25% 用於海外業務。

BRIEF: Heavily oversubscribed Creality rises in Hong Kong debut