Digitel prices shares in IPO at mid-range HK$1.05

Digitel priced shares in its IPO on Hong Kong''s Growth Enterprise Market at HK$1.05, the middle of its proposed range, to raise HK$105 million.

Digitel Group, an applications service provider, priced shares in its intitial public offering at HK$1.05 each to raise HK$105 million $13.4 millon. The price was roughly at the middle of the indicative range of between HK$0.95 and HK$1.10. The funds will be used to develop web-based applications and infrastructure and to invest in potential partners.

Hong Kong-based Digitel sold 100 million shares, which will be traded on the Growth Enterprise Market. It was not...

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