中国印制电路板制造商苏州东山精密制造股份有限公司在香港未能激起散户投资者的兴趣，成为今年香港最不受欢迎的大型首次公开募股(IPO)之一。
Chinese printed circuit board maker Suzhou Dongshan Precision Manufacturing Co failed to excite retail investors in Hong Kong, making it one of the least popular mega initial public offerings (IPOs) in the city so far this year.
知情人士称，簿记建档于周五按计划结束，初步数据显示，公开发售部分认购不足，认购申请人数不足1万人。
Bookbuilding closed as scheduled on Friday, with preliminary figures showing the public offering has been undersubscribed with fewer than 10,000 applicants, according to people familiar with the matter.
东山精密寻求以每股最高93.80港元（约合12美元）的价格募资至多107亿港元（约合13.6亿美元），其中10%初步分配给公开发售部分。
Dongshan Precision is seeking to raise as much as HK$10.7 billion (US$1.36 billion) at a maximum price of HK$93.80 apiece, with a 10 per cent initial allocation to the public subscription tranche.
因信息保密而要求匿名的知情人士称，在公司A股股价周四下跌近10%后，一些机构投资者撤回了国际发售部分的大额订单。
Following a nearly 10 per cent slump in the company’s A-share price on Thursday, some institutional investors withdrew large orders from the international offering, said the people, who asked not to be identified because the information was confidential.
公开发售部分也出现类似下滑。多家券商的数据显示，保证金认购额从周四中午的近4亿港元降至3.3亿港元，之后小幅回升至3.83亿港元，这意味着公开发售部分10.7亿港元中仅有36%被认购。
A similar drop occurred in the public offering. Margin orders fell from nearly HK$400 million at Thursday noon to HK$330 million, before recovering slightly to HK$383 million, meaning just 36 per cent of the HK$1.07 billion offered to the public was covered, according to data from several brokerages.
自H股公开发售启动以来，该公司在深圳交易的A股一度下跌14%，随后反弹，周五收于每股114.22元人民币，市值达2090亿元人民币（约合313亿美元）。
The Suzhou-based firm’s A-shares traded in Shenzhen had slumped up to 14 per cent since the launch of its H-share public offering, before rebounding to close at 114.22 yuan per share on Friday, giving it a market capitalisation of 209 billion yuan (US$31.3 billion).
在香港今年募资规模最大的10宗IPO中，东山精密是唯一一家公开发售部分认购不足的公司，在这10宗IPO中排名垫底，排在牧原食品股份有限公司之后，后者在2月份吸引了21268名认购人。
Among Hong Kong’s 10 largest IPOs by fundraising volume this year, Dongshan is the only one to see an undersubscribed public tranche, ranking last in the group behind Muyuan Foods Co, which drew 21,268 applicants in February.
东山精密表示，共有20家基石投资者同意认购价值6.8亿美元的股票，占募资总额的最高50%。这些投资者获得了保证的股份分配，但必须持有股票至少六个月。
A total of 20 cornerstone investors agreed to buy US$680 million worth of the shares, accounting for up to 50 per cent of the total funds to be raised, Dongshan said. These investors were given guaranteed share allocations but must hold the stock for at least six months.
东山计划将所得款项用于建设和升级设施、为潜在收购提供资金、偿还债务以及支持一般营运资金。该公司预计其股票将于10月28日在香港开始交易。
Dongshan plans to use the proceeds to construct and upgrade facilities, fund potential acquisitions, repay debt and support general working capital. The company expects its shares to start trading in Hong Kong on October 28.
根据其招股说明书，瑞银、国泰海通证券、广发证券和中信证券是此次香港上市的联席保荐人。
UBS, Guotai Haitong Securities, GF Securities and Citic Securities were joint sponsors for the Hong Kong listing, according to its prospectus.