Shares of Guoxia Technology shine in Hong Kong debut

Guoxia Technology

16/12/2025 02:22

** Shares of Guoxia Technology 2655.HK soar 129% from the offer price to HK$46.1 in Hong Kong trading debut, outpacing a 1.5% drop in benchmark Hang Seng Index .HSI

** Stock trims gains later to HK$45.5, still up 126% from the offer price of HK$20.1 apiece, with 5.8 mln shares worth HK$222.9 mln ($28.65 mln) changing hands

** The China-based energy storage system solutions developer offered 33.85 mln shares in global offering, raising HK$680.4 mln ($87.46 mln) for enhancing R&D capabilities, building service network, and expanding production capacity

** Subscription level of the Hong Kong public offering portion is 1,890.73 times, while international portion is 3.63 times

($1 = 7.7796 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))