OmniVision Class A stock: Hong Kong greenshoe adds shares as stabilisation ends — what to watch next week
OmniVision Integrated Circuits Group, Inc. disclosed that underwriters took up part of the over-allotment option in its Hong Kong offering, issuing 4.94 million H shares priced at HK$104.80 each, per a Feb. 7 filing in Shanghai. The company expects these additional shares to start trading in Hong Kong on Feb. 11, boosting net proceeds by HK$511.2 million. The stabilisation period wrapped up on Feb. 6. According to the filing, stabilisation actions covered over-allocation of 6.87 million H shares and market purchases totaling 1.93 million H shares at prices ranging from HK$103.00 to HK$104.80, while the rest of the option was left unused.
