Stock Track | HERBS GROUP Soars 24.53% as IPO Debuts on Hong Kong Exchange

Stock Track12-19

HERBS GROUP, a health products manufacturer, saw its stock soar 24.53% in the pre-market trading session on Thursday as the company made its debut on the Hong Kong Stock Exchange.

The company raised HK$95.3 million in net proceeds from its initial public offering (IPO) after pricing its shares at the bottom of the indicative price range of HK$3.75 apiece.

The strong demand for HERBS GROUP's IPO, with the public offering portion being oversubscribed by over 6,000 times, appears to be the primary driver behind the stock's impressive gains on its debut day. The company's successful listing and the positive sentiment surrounding its IPO have likely contributed to the surge in its share price.

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