Hong Kong IPO: GEM board welcomes its first small-firm listing in 3 years as UBoT soars 36% in trading debut [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Yahoo! Finance
The semiconductor-component maker's shares rose as much as 36 per cent from its offer price of HK$0.5, before retreating to HK$0.54 at the lunch break on Monday on the GEM market, giving the company a market capitalisation of HK$270 million (US$34.53 million), according to exchange data. The broader Hang Seng Index jumped 2.3 per cent, the biggest advance since May 2. The Hong Kong-headquartered firm raised HK$68.75 million via its initial public offering (IPO), with the public tranche oversubscribed 2,500 times. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. UBoT is the first new listing after bourse operator Hong Kong Exchanges and Clearing introduced new rules in January to make it easier for companies to list on GEM and streamlined the process to transfer from GEM to the main bo
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