GON TECHNOLOGY (02768) made its debut on the stock exchange. According to the announcement, the shares were priced at HK$36 per share, with a total of 30 million shares issued. Each board lot consists of 200 shares, and the net proceeds from the offering amounted to approximately HK$1 billion. At the time of writing, the stock price had surged 25% to HK$45, with a turnover of HK$248 million.

The prospectus indicates that the company is a Chinese supplier specializing in new chemical materials, gelatin, and upstream and downstream collagen products. It serves the chemical industry and the health and wellness sector, primarily engaged in the research, development, production, and sale of products for industrial and commercial applications. According to data from Frost & Sullivan, in 2024, based on sales revenue, GON TECHNOLOGY was the second-largest enterprise in China for organic polymer modified materials and organic polymer composite materials, holding a market share of 2.5%. Furthermore, in 2024, GON TECHNOLOGY was the largest polystyrene producer in China by production capacity.

It is noteworthy that on February 4th, the Shenzhen Stock Exchange issued an announcement stating that, as GON TECHNOLOGY's listing on The Stock Exchange of Hong Kong Limited is not subject to a price stabilization mechanism and its corresponding A-shares have been listed for more than 10 trading days, in accordance with the relevant provisions of the "Shenzhen-Hong Kong Stock Connect Implementation Measures," the list of securities eligible for Southbound Trading under the Stock Connect program was adjusted. GON TECHNOLOGY was included in the list, effective from February 4, 2026.