Shares of JIHONG CO (02603) are soaring in their Hong Kong stock market debut, surging 41.93% in early trading on Tuesday. This impressive rally has caught the attention of investors and market watchers alike.
The strong performance can be attributed to high investor enthusiasm for the stock. JIHONG CO, also known as Xiamen Jihong, was set to open at HK$11 per share, significantly higher than its initial public offering (IPO) price of HK$7.68. This substantial premium over the offer price indicates strong demand for the company's shares and confidence in its future prospects. The successful debut underscores the continued appeal of new listings in Hong Kong's financial market despite recent global economic uncertainties.
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