WENGE AI's stock soared 98.35% in intraday trading on its debut on the Hong Kong Stock Exchange.

The surge follows the company's initial public offering, which saw extraordinary investor demand. The Hong Kong public offering was oversubscribed by approximately 5,966.78 times, while the international offering was oversubscribed 20.7 times.

The IPO was priced at HK$60.70 per share, but shares opened at HK$110, nearly double the offer price, reflecting the intense market enthusiasm. The company raised net proceeds of approximately HK$827 million from the offering.