Stock Track | SG Micro Corp Soars 24.77% in Intraday Trading on Strong Hong Kong IPO Debut

Stock Track

Jun 26

SG Micro Corp's stock soared 24.77% in intraday trading on its first day of listing on the Hong Kong Stock Exchange.

The surge was driven by the company's highly anticipated Hong Kong IPO debut, with the offering priced at HK$85.20 per share. The stock opened at HK$105.1, representing a 23.36% premium to the offer price, reflecting strong investor demand.

The Hong Kong public offering portion was oversubscribed approximately 251.73 times, while the international offering was oversubscribed about 23.5 times. The company raised approximately HK$4.5 billion in net proceeds from the IPO, issuing 54 million shares.

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