Shares of Beijing DeepZero Technology (DEEPZERO, 02723) surged 202.88% in morning trading on its debut on the Hong Kong Stock Exchange.

The dramatic intraday rise follows the company's initial public offering, where the final offer price was set at HK$55.50 per H-share. The stock opened its first day of trading at HK$155, significantly higher than its offer price, driving the substantial percentage gain.

The strong debut was fueled by overwhelming investor demand, with the Hong Kong public offering portion oversubscribed approximately 5,480 times. The AI-driven marketing technology company raised net proceeds of approximately HK$465 million from the global offering. DeepZero applies artificial intelligence to enterprise marketing and sales digital transformation, operating flagship platforms AlphaDesk and AlphaData, which contributed to strong investor interest in the tech sector listing.