Stock Track | NASN TECH Soars 64% on Hong Kong Debut as IPO Oversubscribed by Over 2,500 Times

Stock Track09:34

Shares of NASN TECH (02261) soared 64.11% in early trading, as the stock made its debut on the Hong Kong Stock Exchange. The stock opened at HK$16.90, a 62% premium over its IPO price of HK$10.42, reflecting intense investor appetite.

The surge was driven by the company's highly oversubscribed initial public offering. The Hong Kong public offering was oversubscribed by 2,513.54 times, while the international placement was 2.12 times subscribed. The company raised approximately HK$533 million in net proceeds from the global offering of 57.6 million H shares, with a one-lot winning rate of just 8%.

NASN TECH, founded in 2016 and headquartered in Hangzhou, specializes in wire-controlled chassis solutions for intelligent driving. The strong debut underscores market confidence in its position as a leading Chinese innovator in autonomous driving motion control.

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