SENASIC's stock soared 80.28% in intraday trading on its first day of listing on the Hong Kong Stock Exchange. The significant price movement occurred as the stock began trading publicly following its initial public offering.
The powerful debut was driven by extraordinary investor demand during the IPO subscription phase. SENASIC's Hong Kong public offering was oversubscribed by approximately 5,144.97 times with around 237,900 valid applications, while the international placement was 4.44 times oversubscribed. The company, positioned as the first Physical AI edge sensing-computing chip stock on the Hong Kong market, raised approximately HK$913 million in net proceeds from its global offering.
Prior to the official listing, grey market trading had already indicated strong market conviction with the stock surging approximately 72% above its final offer price of HK$18.36 per share. The offering attracted nine cornerstone investors who subscribed for HK$283 million, representing 28.87% of the offering, including entities linked to industry leaders such as CATL, EVE Energy, and Guoxuan High-Tech.
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