Stock Track | WOER Soars 5.03% on Hong Kong Debut Amid Strong IPO Demand

Stock Track

02/13

WOER's stock surged 5.03% intraday on Friday, marking a strong debut on the Hong Kong Stock Exchange.

The sharp rise follows the company's successful initial public offering, which saw overwhelming investor interest. The Hong Kong public offering was oversubscribed by approximately 569.58 times, while the international offering was oversubscribed about 8.19 times.

The IPO raised net proceeds of around HK$2.73 billion, with the final offer price set at HK$20.09 per share. Strong demand from cornerstone investors and the significant oversubscription indicate robust market confidence in the cable and power transmission components maker, fueling the stock's upward movement.

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