NSING TECH (02701) Debuts with 32.41% Morning Surge, Ranks Among Top Five Chinese MCU Firms Globally

Stock News03-23

NSING TECH (02701) commenced trading on its first day of listing. According to the company's announcement, the final offer price was set at HK$10.8 per share. A total of 95 million shares were issued, with a board lot size of 200 shares. The net proceeds from the offering are approximately HK$944 million. At the time of writing, the stock was up 32.41%, trading at HK$14.3, with a turnover of HK$104 million.

Based on data from CIC, the company ranked among the top five Chinese enterprises in the global platform-based Microcontroller Unit (MCU) market by 2024 revenue. Furthermore, it was positioned among the top three Chinese companies in the global 32-bit platform-based MCU market. Additionally, according to CIC, NSING TECH held the leading position in the Chinese MCU market with built-in commercial cryptographic algorithm modules by 2024 revenue.

Separately, both the Shanghai Stock Exchange and the Shenzhen Stock Exchange issued announcements stating that, as NSING TECH's listing on the Hong Kong Exchange does not involve a price stabilization mechanism and its corresponding A-shares have been listed for more than 10 trading days, the company's shares will be included in the Southbound Trading under the Stock Connect program. This adjustment will take effect from March 23, 2026.

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