Shares of China-based software provider JST GROUP surge as much as 27% from the offer price to HK$38.72 in Hong Kong debut.

JST Group, a major player in China’s SaaS-based ERP market, offered over 68 million shares at HK$30.60 each, with the majority allocated to international investors. The IPO is already turning heads thanks to support from big-name backers like Blue Lake Capital and Granite Asia, along with 13 cornerstone investors—a strong sign of faith in JST’s growth story. Proceeds are earmarked for developing new tech, expanding sales, and strategic investments, all aimed at keeping JST ahead in a fast-moving sector.