VIEWTRIX TECH's stock soared 28.50% during the morning trading session on Wednesday, as the Chinese AMOLED display driver integrated circuit designer made its highly anticipated debut on the Hong Kong Stock Exchange.

The surge follows the company's successful initial public offering, which raised approximately HK$1.019 billion in net proceeds. Investor demand was exceptionally strong, with the Hong Kong public offering oversubscribed by approximately 3,559.68 times and the international offering oversubscribed by about 7.05 times. The shares opened at HK$25.48, significantly above the offer price of HK$20.81 per share.

According to a Frost & Sullivan report cited in company filings, VIEWTRIX TECH is the fifth-largest supplier in the global smartphone AMOLED display driver chip market and the largest in Mainland China. The company has established itself as a technology-driven brand within the display industry and is reportedly the first company in Mainland China to receive certification from brand companies for its AMOLED display driver chips.