Published: 9:45am, 9 Jul 2025Updated: 12:10pm, 9 Jul 2025
Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their trading debuts, cementing the city’s position atop the global ranking for initial public offerings (IPO).
Advertisement
Wuhan Dazhong Dental Medical was the biggest winner of the day when its shares jumped 20 per cent at the open to HK$24, from its IPO price of HK$20.
The shares of Apple supplier Lens Technology began trading at HK$18.88 for a 3.9 per cent gain from its offer price of HK$18.18. The Shenzhen-listed maker of lens products raised HK$4.77 billion (US$607 million) in its Hong Kong IPO at the top end of an expected range.
“Today’s listing of Lens in Hong Kong marks a significant milestone in [the company’s] global strategy,” said chairwoman Chau Kwan Fei, before striking the ceremonial gong to mark the commencement of trading. “We will use Hong Kong as a lever to integrate international capital with Lens’s manufacturing strengths and the Chinese market, sharing in the growth dividends of Chinese manufacturing.”
Shanghai-listed chip designer Fortior Technology jumped 8.5 per cent to HK$130.80 after raising HK$2.26 billion from its offering of new shares at HK$120.50 each.
Advertisement
Robot maker Beijing Geekplus gained 0.6 per cent during its trading debut at HK$16.90 after raising HK$2.71 billion.