FOURSEMI Soars Over 19% Intraday, Extending Record High with 140% Gain from IPO Price

Deep News04-02 12:01

FOURSEMI (03625) surged more than 19% during the trading session, defying the broader market trend. The stock reached a high of HK$97.50, continuing to set new record highs. This represents an increase of over 140% compared to its initial public offering price of HK$40. The company's total market capitalization has also surpassed HK$10 billion. As of the latest update, the stock was up 12.55%, trading at HK$91.95, with a turnover of HK$60.9378 million.

Public information shows that the public offering portion of FOURSEMI's Hong Kong IPO was oversubscribed by a significant 3,117 times. The offering attracted applications from over 110,000 individual subscribers, establishing the company as one of the most sought-after hard tech listings this year. Following its successful listing, FOURSEMI has become the first AI audio chip stock on the Hong Kong Stock Exchange.

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