Amber Energy completes IPO on Hong Kong Stock Exchange
Clients Amber Energy Limited
Jones Day advised Amber Energy Limited, a Zhejiang province-based clean energy company, on its approximately HK$191 million (US$21 million) IPO on the main board of the Hong Kong Stock Exchange.
Amber Energy offered a total of 115,000,000 shares (the "offer shares"), approximately 25% of the total issued share capital of the company upon the offer's completion, at HK $1.66 per share. The IPO has received a total application money exceeding HK $17 billion and was approximately 1,247 times over-subscribed, making it the fourth most over-subscribed IPO in the history of the Hong Kong Stock Exchange.