FS.COM's stock price surged 27.52% during intraday trading on Monday, marking a significant movement for the newly listed company.
The sharp rise follows FS.COM's highly anticipated debut on the Hong Kong Stock Exchange, where shares opened at HK$56 each, representing a substantial premium to the IPO offer price of HK$41.60 per share.
The strong debut reflects overwhelming investor demand, with the Hong Kong public offering being 1,579.71 times subscribed. The company successfully raised approximately HK$1.56 billion in net proceeds from the initial public offering, which included participation from several cornerstone investors.
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