JINXUN RESOURCE (03636.HK) surged 25.27% during the intraday session on Friday, marking a strong debut on the Hong Kong Stock Exchange.

The company raised HK$1.04 billion in its initial public offering, with the final offer price set at HK$30.00 per share. The Hong Kong public offer was 143.46 times subscribed, while the international offering was 12.78 times subscribed, reflecting robust investor interest.

Notable cornerstone investors, including Glencore International AG and China Asset Management (Hong Kong) Limited, were allotted a combined 15.6 million shares, representing 42.50% of the global offering. Their participation further bolstered market confidence in the stock.