Lingyi iTech's stock surged 5.33% during intraday trading on Tuesday, marking a significant upward movement for the newly listed company.

The rise is attributed to a technical rebound after the stock's price fell below its initial public offering price in the sessions following its debut. Market sentiment was bolstered by the company's strong IPO performance, which saw its Hong Kong public offering oversubscribed by 96.16 times.

Further supporting the positive momentum is the company's simultaneous inclusion in the Shenzhen-Hong Kong Stock Connect program on its listing date, enhancing its accessibility to mainland Chinese investors. The capital raised is earmarked to accelerate Lingyi iTech's strategic deployment in high-growth sectors, including edge AI, humanoid robotics, and AI server businesses, establishing a solid A+H dual-capital platform for future expansion.