ABLE DIGITAL (02687) made its market debut, opening 23.85% higher at HK$83.6 per share. The company had set its IPO price at HK$67.50 per share, issuing 6.67 million shares with a net proceeds of approximately HK$394 million. By the time of reporting, trading volume reached HK$74.06 million.
As a leading provider of digital teaching solutions for higher education institutions in China, ABLE DIGITAL offers comprehensive services covering content creation, digital learning environments, and operational support for teaching, learning, practice, assessment, and management.
According to Frost & Sullivan data, the top five companies in this sector held a combined market share of 12.9% by revenue in 2024. ABLE DIGITAL ranked second in China's higher education digital teaching market with a 4.0% share and led the digital content production segment with a 7.3% market share.
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