IT group Boardware shines in HK debut, other newcomers slip

BoardWare Intelligence Technology

15/07/2022 06:58

** Shares of IT services provider Boardware Intelligence
Technology  1204.HK  trade as high as HK$1.35 in Hong Kong debut
on Friday, up 25% from the offering price
    ** Stock last up 3.7% from HK$1.08 apiece offering price
    ** Computer systems design services provider sold 125 mln
shares in global offering, raising HK$135 mln ($17.2 mln) to
fund upfront costs for enterprise IT solutions projects
 urn:newsml:reuters.com:*:nFWN2YU2WX
    ** Other newcomers slip on debut with MicroPort NeuroTech
 2172.HK  slipping to HK$24.60 from its0 HK$24.64 offering
price, while Deewin Tianxia  2418.HK  flats at HK$1.80 after
weak start  
    ** Brokers say the overall sentiment toward new listings
remain weak with investors staying away in volatile market 
    ** Medical devices manufacturer MicroPort NeuroTech
 2172.HK , a unit of MicroPort Scientific  0853.HK , sold 13.70
mln shares in offering raising HK$338 mln for research and
development, commercialization of products and expanding
manufacturing facility  urn:newsml:reuters.com:*:nFWN2YF15Y
    ** Shaanxi, China-based Deewin, which provides logistics and
financial services to automobile makers, sold 543 mln mln shares
in offering, raising HK$977.4 mln to establish offline digital
warehousing and distribution network  urn:newsml:reuters.com:*:nFWN2YU36B
    ** Hang Seng Commerce & Industry Index  .HSNC  declines
2.2%, Hang Seng sub-index tracking information technology firms
 .HSCIIT  drops 3.3%, and Hang Seng Index  .HSI  falls 2%



($1 = 7.8499 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))