QIYUNSHAN FOOD's stock surged 112.25% during intraday trading on its first day of listing, following a highly successful initial public offering that generated massive investor demand.

The company's Hong Kong IPO was priced at HK$8.00 per share, the top end of its marketed range, and raised HK$167.00 million in net proceeds. The offering was met with overwhelming interest, with the Hong Kong public tranche oversubscribed 1,688.1 times, indicating exceptionally strong retail investor appetite.

This significant price movement on the debut reflects the pent-up demand from investors who were unable to secure shares during the heavily oversubscribed offering. The company has issued a warning about potential share-price volatility due to the high concentration of shares held by a limited number of placees within the international offering.