On June 30, Lingyi iTech (01688.HK) rose 4.37% in regular trading, trading at HK$9.75/share with turnover of HK$48.61 million. The stock listed on the Hong Kong Stock Exchange on June 26 at an IPO price of HK$10.18, reaching as high as HK$11.8 on its debut before retreating below the issue price on consecutive sessions. The current rise represents a technical rebound following the break below its offering price.

On the news front, the company's Hong Kong public offering received 96.16x oversubscription, with net IPO proceeds of approximately HK$81.52 billion. Lingyi iTech was simultaneously included in the Shenzhen-Hong Kong Stock Connect eligible securities list on its listing date. The company issued 812 million H shares at the top of its indicative price range, establishing an A+H dual-capital platform to accelerate strategic deployment in edge AI, humanoid robotics, and AI server businesses.

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