Shenzhen Hipine Precision Technology, the Chinese luxury watch brand HIPINE, saw its stock price skyrocket by 68.96% during Thursday's intraday trading session. This remarkable surge comes on the heels of the company's recent initial public offering (IPO) and continues the stock's impressive post-listing performance.

The dramatic rise in HIPINE's stock price can be attributed to the overwhelming investor interest following its market debut. After an extraordinary 260% gain on its first trading day, the stock has maintained its upward momentum. At its peak, HIPINE's shares reached HK$182.8, marking a staggering 5.2-fold increase from its initial IPO price of HK$29.6.

The company's successful IPO saw its public offering segment oversubscribed by 2,505.9 times, highlighting the intense demand from retail investors. The international placement also garnered significant attention, being 3.9 times oversubscribed. This exceptional level of investor enthusiasm appears to be driving the continued rally in HIPINE's stock price, as market participants rush to acquire shares of the newly listed luxury watch maker.