Stock Track | QINGSONG HEALTH Soars 122.22% on Debut as IPO Oversubscribed 1,421x and Dark Pool Trading Surges

Stock Track12-23 09:32

QINGSONG HEALTH (02661) skyrocketed 122.22% in its intraday trading debut on the Hong Kong Stock Exchange, fueled by overwhelming investor demand and a strong pre-market performance in dark pool trading.

The telehealth company's Hong Kong public offering was oversubscribed by 1,421.47 times, with the final offer price set at HK$22.68 per share. The international offering also saw robust demand, oversubscribed by 2.9 times. Net proceeds from the IPO totaled HK$513 million.

In dark pool trading ahead of the debut, QINGSONG HEALTH surged 127.95%, closing at HK$51.70 per share. The stock opened at HK$50 in the regular session, more than double its IPO price, reflecting sustained bullish sentiment.

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