Stock Track | ILUVATAR COREX Soars 29.25% in Intraday Trading on Hong Kong Debut Amid Strong Investor Demand

Stock Track01-08

ILUVATAR COREX (09903) surged 29.25% in intraday trading on Thursday, marking a strong debut on the Hong Kong Stock Exchange. The stock opened at HK$190 per share, significantly higher than its IPO price of HK$144.6.

The surge follows the company's highly oversubscribed initial public offering, with the Hong Kong public offer oversubscribed by 414.24 times and the international offering oversubscribed by 10.68 times. The IPO raised HK$3.51 billion in net proceeds, attracting cornerstone investors like ZTE Limited and UBS Asset Management.

Investor enthusiasm for the AI semiconductor company reflects confidence in its growth prospects, driven by strong demand for its shares during the IPO process.

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