On June 17, SENASIC surged 74.4% in regular trading on its first day of listing on the Hong Kong Stock Exchange, trading at HKD 33.14/share with turnover of HKD 225 million, against an IPO price of HKD 18.36.
The stock's powerful debut was driven by extraordinary investor demand during its IPO subscription phase. The public offering received 5,144.97x oversubscription with approximately 237,900 valid applications, while the international placement was 4.44x oversubscribed. The company raised approximately HKD 913 million in net proceeds from its global offering of 53.407 million H shares. Prior to listing, dark pool trading had already seen the stock surge over 70-112%, signaling strong market conviction.
SENASIC is positioned as the first Physical AI edge sensing-computing chip stock on the Hong Kong market. According to Frost & Sullivan, by 2025 revenue, the company ranks as the world's third-largest and China's largest automotive wireless sensing SoC supplier, with cumulative shipments of 241.9 million units covering China's top 10 automotive OEM brands. Nine cornerstone investors subscribed for HKD 283 million, representing 28.87% of the offering, including entities linked to CATL, EVE Energy, and Guoxuan High-Tech.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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