Shares of Extreme Vision Technology (06636) surged 47.50% intraday on Monday following its highly anticipated debut on the Hong Kong Stock Exchange.

The stock opened at HK$59.95, a substantial premium to its initial public offering price of HK$40 per share. This strong opening reflects intense investor demand, as the company's Hong Kong public offer was oversubscribed by 4,591.37 times.

Extreme Vision raised approximately HK$434.4 million from its IPO, with cornerstone investors including Zhengjin International and GKI participating. The significant premium at the open indicates robust market confidence in the Chinese computer vision service provider's prospects.