Stock Track | APT Electronics Soars 30% on Hong Kong Trading Debut Following Oversubscribed IPO

Stock Track11-08

APT Electronics (HKG:2551) shares surged as much as 30.75% in their Hong Kong trading debut on Friday, fueled by strong investor demand during the company's recent initial public offering (IPO).

The electrical products manufacturer priced its IPO at HK$3.61 per share and raised net proceeds of HK$82.3 million. The public offering tranche was oversubscribed by nearly 5,678 times, while the institutional tranche saw demand exceed supply by nearly 7 times.

Reflecting this robust appetite, APT Electronics opened at HK$4.20 on Friday, representing an eye-catching 16% premium over its IPO price. The stock extended those gains as the session progressed, surging as high as 30.75% above the IPO price in mid-morning trading.

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