NSING TECH Debuts on Stock Exchange with 14.82% Share Price Surge

Deep News03-23

NSING TECH (02701) made its market debut today. According to the company's announcement, the shares were priced at HK$10.8 each. A total of 95 million shares were issued, with a board lot size of 200 shares. The net proceeds from the offering amounted to approximately HK$944 million.

The stock opened sharply higher in the morning session, rising over 52% to reach an intraday high of HK$16.50. As of the time of writing, the share price had increased by 14.82% to HK$12.40, with a turnover of HK$374.3 million.

Based on data from CIC, the company ranked among the top five Chinese enterprises in the global platform-based Microcontroller Unit (MCU) market by 2024 revenue. Furthermore, it ranked among the top three Chinese companies in the global 32-bit platform-based MCU market. Separate data from CIC also indicated that the company held the number one position in the Chinese MCU market with built-in commercial cryptographic algorithm modules by 2024 revenue.

Additionally, both the Shanghai Stock Exchange and the Shenzhen Stock Exchange issued announcements stating that, as NSING TECH's listing on the Hong Kong Exchange is not subject to a price stabilization mechanism and the corresponding A-shares have been listed for more than 10 trading days, the company will be included in the Southbound Stock Connect list of securities in accordance with relevant regulations. This adjustment will take effect from March 23, 2026.

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