Stock Track | HANS CNC Soars 15.45% on Strong Hong Kong Debut as IPO Heavily Oversubscribed

Stock Track02-06

HANS CNC's stock price surged 15.45% during the intraday session on Friday, marking a dramatic start to its trading on the Hong Kong exchange.

The sharp rise followed the company's initial public offering, which saw its shares set to open at HK$106, a significant premium to its offer price of HK$95.80. The IPO was heavily oversubscribed, with the Hong Kong public offer 446.39 times subscribed and the international offering 21.07 times subscribed, raising HK$4.63 billion in net proceeds. Strong demand from cornerstone investors, including GIC and Schroders, underscored robust market confidence in the China-based CNC equipment maker.

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