GON TECHNOLOGY's stock soared 31.94% during intraday trading on Wednesday, following its debut on the Hong Kong Stock Exchange.
The surge came as the stock opened at HK$45 per share, significantly above its initial public offering price of HK$36. The IPO had been heavily oversubscribed, with the Hong Kong public offering 2,251.85 times subscribed, indicating strong investor demand for the China-based supplier of new chemical materials and gelatin- and collagen-derived products.
Additionally, the Shenzhen Stock Exchange announced that GON TECHNOLOGY has been included in the Shenzhen-Hong Kong Stock Connect program, effective from February 4, 2026. This inclusion allows mainland Chinese investors to trade the stock more easily, potentially increasing demand and liquidity.