Stock Track | Distinct Health Soars 35.23% at Market Open on Strong Hong Kong Debut

Stock Track02-06

Distinct Health's stock soared 35.23% during the market open session on Friday, following its highly anticipated debut on the Hong Kong Stock Exchange.

The significant price surge came as the stock opened at HK$81 per share, a substantial premium to its final offer price of HK$59.90 set under the global offering. This opening price reflects strong investor appetite for the private healthcare services provider's initial public offering.

The IPO demonstrated exceptional demand, with the Hong Kong public offer being 2,730.73 times subscribed and the international offering 5.79 times subscribed. The company raised HK$208.9 million in net proceeds from the offering, with cornerstone investors including Health Vision Hong Kong Limited and KingMed Diagnostics (Hong Kong) Limited taking significant positions.

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