Shenzhen HQVT Technology shines in Hong Kong debut
22/06/2026 04:35
BUZZ-Shenzhen HQVT Technology shines in Hong Kong debut ** Shares of Shenzhen HQVT Technology 1392.HK jump 316.7% from offer price to HK$30 in Hong Kong debut, bucking a 0.9% fall in benchmark Hang Seng Index .HSI
** Stock last up 249.4% from offer price of HK$7.20 apiece, with 21.4 mln shares worth HK$546.6 mln ($69.74 million) changing hands
** China-based multispectral AI products and services provider sold 85.16 mln shares in global offering, raising HK$613.2 mln ($78.23 mln) for R&D and expansion of production capacity, among others
** Hong Kong public offering portion is 7,181.21 times subscribed, international placing portion is 4.81 times subscribed
** YTD, Hang Seng TECH Index .HSTECH down 17.5%
($1 = 7.8382 Hong Kong dollars)
(Reporting by Donny Kwok)