Smart devices maker Shanghai Sunmi Technology shines in Hong Kong debut
29/04/2026 05:29
** Shares of Shanghai Sunmi Technology 6810.HK surge fourfold in Hong Kong debut to HK$99.8
** Stock last up 277.3% from offer price of 24.86 apiece, outpaces a 1.3% rise in the benchmark Hang Seng Index .HSI
** China-based smart devices producer offered 42.63 mln shares in global offering, raising HK$1.06 bln ($135.26 mln) for R&D of hardware and software solutions, to strengthen supply chain and manufacturing operations and for market expansion
** Hong Kong public offering portion is 2,003.16 times subscribed, international offering portion 7.91 times subscribed
($1 = 7.8368 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))