Beijing Deepzero soars in Hong Kong debut; SDMC, VIEWTRIX shine
BUZZ-Beijing Deepzero soars in Hong Kong debut; SDMC, VIEWTRIX shine ** Shares of Beijing Deepzero Technology 2723.HK soar as much as 314.4% from the offer price to HK$230 apiece in Hong Kong debut, bucking a 0.9% slip in benchmark Hang Seng Index .HSI
** Stock last up 267.6% from the offer price of HK$55.50
** China-based digital advertising internet technology services provider sold 9.07 mln shares in global offering, raising HK$503.2 mln ($64.2 mln) for R&D and network expansion with Hong Kong offering portion subscribed 5,480.23 times, international portion subscribed 3.41 times
** Shares of other newcomers Shenzhen SDMC Technology 0901.HK surge 109.8% to HK$68.8 each in Hong Kong debut and VIEWTRIX Technology 3310.HK up 85.5% to HK$38.6
** China-based OLED display driver chips developer VIEWTRIX sold 52.9 mln shares at HK$20.81 each in global offering, raising HK$1.1 bln for R&D with Hong Kong offering subscribed 3,559.68 times, international offering 7.05 times
** Smart home products developer SDMC sold 19.2 mln shares at HK$32.80 each in global offering, raising HK$630 mln to upgrade production with Hong Kong and international offering subscribed 1,971.99 times and 2.23 times, respectively
($1 = 7.8356 Hong Kong dollars)
(Reporting by Donny Kwok)