Movement Alert|Haiqing Zhiyuan Rises 315.56% in Regular Trading, Physical AI First Stock Surges on IPO Debut with 7181x Oversubscription

Market Focus
06/22

On June 22, Haiqing Zhiyuan surged 315.56% in regular trading on its IPO debut day, trading at 29.32 HKD/share with turnover of 376 million HKD.

The company, dubbed the \"Physical AI First Stock,\" officially listed on the Hong Kong Stock Exchange Main Board at a final offer price of 7.20 HKD per share. During its subscription period from June 11 to June 16, the stock attracted over 300,000 investors with total subscription capital exceeding 440 billion HKD, achieving approximately 7,181x oversubscription in the Hong Kong public offering — ranking among the top five in Hong Kong Main Board history. Prior to listing, the stock had already surged over 260% in dark pool trading, signaling exceptional demand.

Haiqing Zhiyuan is a national-level specialized and innovative \"Little Giant\" enterprise headquartered in Shenzhen, specializing in multi-spectral AI technology. By 2024 revenue, the company ranks first in both China's multi-spectral AI market and multi-spectral AI large model services, serving over 3,000 clients globally. The IPO raised net proceeds of approximately 537 million HKD, with around 50% allocated to R&D and product development.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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