Stock Track | HX COLDCHAIN Soars 54.98% on Debut as IPO Oversubscribed 2,309 Times

Stock Track01-13

HX COLDCHAIN (01641) surged 54.98% during the intraday session on its debut on the Hong Kong Stock Exchange. The cold chain logistics operator's shares attracted overwhelming demand, with its Hong Kong public offering oversubscribed by 2,309.25 times.

The company raised HK$252.3 million in net proceeds from its IPO, setting the final offer price at HK$12.26 per share. The international offering was also oversubscribed by 1.65 times. Cornerstone investor FuhuiDa (HK) Limited was allotted 1.8 million shares, representing 7.66% of the offer shares.

The strong investor interest reflects confidence in the company's growth prospects in the cold chain logistics sector, driving the stock's sharp rise on its first trading day.

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