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New Stock Listing | Two New Stocks Listed, Kaleysen Surges 92% at Opening
Two new stocks debut on their first trading day.
Integrated smart on-site logistics robot provider KAILUO Technology (02729) opened at HKD 32, up 92.1% from the IPO price of HKD 16.66.
Mainland China automotive HUD (head-up display) solution provider Zejing Holdings (02632) opened at HKD 43.9, down 0.7% from the IPO price of HKD 44.2.
KAILUO Technology raised a net amount of approximately HKD 556 million. The public offering was oversubscribed by 2,152 times, with a 5% success rate for the allotment of 200 shares per lot.
Zejing Holdings raised a net amount of approximately HKD 650 million. The public offering was oversubscribed by 67 times, with a 30% success rate for the allotment of 50 shares per lot.