Rich Sparkle Holdings Limited (ANPA), a Hong Kong-based financial printing and corporate services provider, saw its shares soar 5.11% in after-hours trading on Tuesday, marking a significant turnaround from its disappointing Nasdaq debut earlier in the day.

The company's stock had a rocky start on its first day of trading, opening at $3.60 per share, well below its initial public offering (IPO) price of $4.00. Throughout the regular trading session, the stock continued to slide, closing down approximately 19% at $3.24. However, the after-hours surge suggests renewed investor interest in the newly public company.

While the exact reasons for the after-hours rally are not clear, it's possible that investors are reassessing the company's potential after the initial sell-off. Rich Sparkle Holdings plans to use the IPO proceeds to incorporate generative AI features into its service modules, set up new branches and offices in the U.S., and for working capital and other general corporate purposes. These growth initiatives may have attracted buyers in the after-hours session, as the market digests the company's long-term prospects beyond the initial trading volatility.