LONGCHEER's stock surged 14.84% during the intraday session following its highly anticipated debut on the Hong Kong Stock Exchange. The company's H Shares opened at HK$35, significantly higher than its final offer price of HK$31, reflecting strong investor demand.
The IPO was oversubscribed by approximately 1,149.76 times in the Hong Kong public offering and 9.02 times in the international offering, underscoring robust market confidence. Cornerstone investors, including Qualcomm Ventures and WILL Semiconductor, further bolstered the offering's credibility.
Longcheer Technology, a global leader in intelligent product design and manufacturing, reported improving financial metrics, with gross profit margins rising from 5.8% in 2024 to 8.3% in 2025. The dual "A+H" listing and the company's strategic focus on high-growth sectors like automotive electronics and smart glasses contributed to the stock's strong performance.
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