The HK$18.18 price reflects a discount of 30% to Lens Technology’s closing price of 23.74 yuan on Friday. A representative for Lens Technology declined to comment.
The company, which makes mobile-phone-glass covers and other components for consumer electronics, joins the growing wave of China-listed companies seeking to go public in Hong Kong.
Lens Technology expects the shares to start trading in the city on Wednesday.
Proceeds from the sale will be used to expand the company’s product and service portfolio, broaden its overseas presence and production capacity, as well as for work on smart-manufacturing projects such as automated industrial systems, according to a prospectus for the listing.
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Citic Securities Co. is the sole sponsor for Lens Technology’s listing.
