Movement Alert|Lingyi iTech Rises 10.12% in Regular Trading, H-Share Listing on HKEX Draws Strong Market Demand

Market Focus
Jun 26

On June 26, Lingyi iTech rose 10.12% in regular trading, trading at HK$11.0 per share, with turnover of HK$728 million. The stock opened at HK$10.8, a 6.09% premium to its offer price of HK$10.18, and continued to climb as investors piled in.

On the news front, Lingyi iTech's H-shares officially commenced trading on the Main Board of the Hong Kong Stock Exchange. The company issued approximately 811.8 million H-shares at a final offer price of HK$10.18 per share, raising net proceeds of approximately HK$8.15 billion. The Hong Kong public offering was 96.16 times oversubscribed, while the international offering was 10.27 times oversubscribed. The company secured 19 cornerstone investors who subscribed for a combined approximately US$406.9 million. Additionally, the Shenzhen Stock Exchange announced the inclusion of Lingyi iTech in the Southbound Stock Connect eligible securities list effective the same day, further broadening mainland capital participation channels and providing liquidity support on the debut day.

Lingyi iTech is a global precision component and module manufacturer serving AI terminals, servers, robotics, automotive, and low-altitude economy sectors. The company reported revenue of RMB 51.43 billion in fiscal year 2025, up 16.20% year-over-year, with net profit of RMB 2.29 billion, up 30.34%.

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