HK Movers | Delton Technology Soars 58% on Hong Kong Debut After Highly Oversubscribed IPO

Stock Track03-20

Delton Technology's stock surged 58.74% on Friday, marking a dramatic debut on the Hong Kong Stock Exchange.

The significant price increase follows the company's highly successful initial public offering, which saw overwhelming investor demand. The Hong Kong public offering was oversubscribed by approximately 1,070.72 times, while the international offering was oversubscribed about 14.64 times.

The IPO was priced at HK$71.88 per share, raising net proceeds of approximately HK$3.19 billion. Strong participation from cornerstone investors, including several prominent asset management firms, contributed to the robust market debut and the subsequent share price appreciation.

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