On May 27, Huaxida (00901.HK) surged 95.43% in regular trading on its first day of listing, trading at HK$60.0/share, with trading volume of HK$144 million.

The strong debut was driven by overwhelming investor demand. The company priced its IPO at HK$32.8 per share, issuing 19.21 million H shares globally and raising net proceeds of approximately HK$570 million. The Hong Kong public offering received 1,971.99x oversubscription with approximately 177,196 valid applications, while the international placement was 2.23x oversubscribed. In the grey market session prior to listing, shares had already surged over 90% above the IPO price, signaling intense investor enthusiasm.

Huaxida was founded in 2003 and is a globally leading AI Home integrated solutions provider. It is designated as a national-level high-tech enterprise and a national-level Specialized and Sophisticated Little Giant company, dedicated to enhancing home application experiences through intelligent technology.

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