Shanghai Xizhi Technology soars in Hong Kong debut, Mabwell shines

Shanghai Xizhi Technology Co

28/04/2026 05:01

** Shanghai Xizhi Technology 1879.HK shares surge 354.1% from offer price of HK$183.2, after hitting intraday high of 407.6% gain

** Photon computing developer's debut outpaces 0.7% drop in Hang Seng Index .HSI

** Raised HK$2.53 bln ($322.9 mln) selling 13.8 mln shares for optical interconnect, computing business expansion

** Hong Kong retail portion subscribed 5,785x, international tranche 54x subscribed

** Separately, Mabwell (Shanghai) Bioscience 2493.HK also debuts, up 8.2% at HK$29.9 after raising HK$1.3 bln from selling 47.13 mln shares at HK$27.64 for clinical trials and commercialisation of product

** Drug developer's HK public portion subscribed 482x vs 3.5x for international tranche

** Mabwell Shanghai-listed stock 688062.SS slips 3.3% to 35.8 yuan

($1 = 7.8353 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))