FORTIOR (01304.HK), a company specializing in BLDC motor drive control chip design, announced its IPO details. It planned to globally offer 16.2995 million H shares, with approximately 10% for Hong Kong public offering and about 90% for international offering.

The maximum IPO price was HKD120.5 per share. Entry fee was HKD12,171.53 with a board lot size of 100 shares. The IPO starts today (June 30) and will close at noon on Friday (July 4), with the listing expected next Wednesday (July 9). The sole sponsor is CICC.

FORTIOR (688279.SH) closed at RMB197.72 on the A-share market last Friday (27th), indicating that the maximum H-share IPO price was over 44% discounted compared to the A-share price.

The company's H-share listing attracted 10 cornerstone investors, including 3W Fund, Wind Sabre, China Asset Management (Hong Kong) backed by CITIC SEC (06030.HK) , Mega Prime, Sanhua International Singapore backed by SANHUA (02050.HK) , Fourier Capital, Torus, and Intac, collectively subscribing for USD112 million worth of company shares.

At the maximum offering price, the company expected to raise net proceeds of approximately HKD1.846 billion.
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