Crealights, Baige, Alebund Pharmaceuticals jump in Hong Kong debut

Crealights Technology Co

Yesterday 06:03

** Shares of Crealights Technology 1191.HK surge 45.5% from the offer price to HK$165.9 by lunchbreak at its Hong Kong debut, outpacing a 2.1% rise in the benchmark Hang Seng Index .HSI
** China-based optoelectronic interconnection products provider sold 13.43 million shares at HK$114 apiece in global offering, raising HK$1.53 billion ($195.11 million) to expand production capacity and for R&D
** Hong Kong offering portion is 1,296.89 times subscribed, international offering is 15.51 times subscribed
** Baige Online Digital Technology 2672.HK also jumps 333% from the offer price to HK$67.55 in Hong Kong debut
** China-based insurance intermediary services provider sold 33.34 million shares in global offering, raising HK$520 million to upgrade technology basic infrastructure, among others
** Hong Kong offering portion is 242.05 times subscribed, international offering is subscribed 2.44 times
** Alebund Pharmaceuticals 9637.HK soars 100.5% to HK$45.32 each on debut after the biopharmaceutical group sold 56.76 million shares in a global offering, raising HK$1.28 billion for clinical development of products and for working capital
** Hong Kong offering is 963.56 times subscribed, international offering is 19.77 times subscribed
     
($1 = 7.8419 Hong Kong dollars)

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