OMNIVISION (00501) surged 5.82% during intraday trading on Monday, driven by strong investor interest following its Hong Kong IPO debut. The semiconductor design company opened at HK$108 per share, 3.1% above its offer price of HK$104.80, and continued to climb as trading progressed.

The IPO raised HK$4.69 billion in net proceeds, with the public offering 9.28 times subscribed and the international offering 9.73 times oversubscribed. Cornerstone investors, including Wildlife Willow and UBS Asset Management, acquired 45.28% of the global offering, underscoring robust demand. OmniVision, a leading global Fabless semiconductor designer, is known for its CMOS Image Sensors (CIS) and holds a 13.7% market share in image sensor solutions.