TH MEDICAL-B's stock price soared 176.55% during intraday trading on Tuesday, marking a dramatic debut for the surgical robot developer on the Hong Kong Stock Exchange.
The surge follows the company's initial public offering, which saw extraordinary demand from retail investors. The Hong Kong public offering portion was 1,790.4 times oversubscribed with a one-lot success rate of just 2.00%, reflecting intense investor interest. The company raised net proceeds of HK$384 million from the global offering.
The stock opened at a significant premium to its final offer price of HK$126.20 per share and continued to climb during the trading session, with strong market expectations that had already been signaled during grey market trading prior to the official listing.