VGT Soars 51.71% on First Day of Trading

Deep News09:40

VGT (02476) made its market debut today. According to the announcement, the stock was priced at HKD 209.88 per share. The company issued a total of 95.85 million shares, with a board lot size of 100 shares. The net proceeds from the offering were approximately HKD 19.889 billion. At the time of writing, the stock price has increased by 51.71% to HKD 318.40, with a turnover of HKD 4.068 billion.

Public information indicates that VGT specializes in the research and development, production, and sales of high-end, high-density interconnect (HDI) and high-layer count printed circuit boards (PCBs). After years of technological accumulation, the company has become a core supplier in the global PCB sector for artificial intelligence and high-performance computing. According to data from Frost & Sullivan, based on AI and high-performance computing PCB revenue for the first half of 2025, the company ranked first globally with a market share of 13.8%. In 2024, based on the same metric, the company held the seventh position globally with a market share of 1.7%.

Financial reports show that in 2025, VGT achieved revenue of RMB 19.292 billion, a year-on-year increase of 79.77%. Net profit attributable to the parent company was RMB 4.312 billion, surging 273.52% year-on-year. VGT stated that as artificial intelligence technology rapidly penetrates various sectors, global demand for AI infrastructure and computing power continues to expand. The company has established deep partnerships with leading international clients, continuously optimized its product portfolio, and steadily advanced its global footprint, leading to a significant leap in its operational performance.

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