Stock Track | BAO PHARMA-B Soars 120.81% in Intraday Trading as Stock Debuts at HK$60.5 vs. Offer Price of HK$26.38

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BAO PHARMA-B (02659) saw its stock price surge by 120.81% during intraday trading on Wednesday, following its debut on the Hong Kong Stock Exchange.

The stock opened at HK$60.5 per share, significantly higher than its final offer price of HK$26.38. This strong debut reflects robust investor demand, with the Hong Kong public offer being oversubscribed by 3,526.34 times and the international offering by 6.59 times. The company raised HK$921.5 million in net proceeds from its IPO.

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