Chip designer Fortior leads dazzling gains in busiest day for Hong Kong listings in 2025
The shares of all five companies that made their trading debuts advanced from their IPO prices
Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their trading debuts, cementing the city’s top global ranking for initial public offerings (IPOs).
Semiconductor chip designer Fortior Technology was the biggest winner after its shares surged 16 per cent to HK$139.80. The Shanghai-listed company raised HK$2.26 billion (US$287.8 million) from its offering of new shares at HK$120.50 each.
Apple supplier Lens Technology climbed 9.1 per cent to HK$19.84 for a 9.1 per cent gain from its offer price of HK$18.18. The Shenzhen-listed maker of lens products raised HK$4.77 billion, the biggest IPO of them, after pricing its shares at the top end of an expected range.
“Today’s listing of Lens in Hong Kong marks a significant milestone in [the company’s] global strategy,” said chairwoman Chau Kwan Fei, before striking the ceremonial gong to mark the commencement of trading. “We will use Hong Kong as a lever to integrate international capital with Lens’s manufacturing strengths and the Chinese market, sharing in the growth dividends of Chinese manufacturing.”
Three other debutants also had winning starts. Wuhan Dazhong Dental Medical rose 3.5 per cent to HK$20.70 from its IPO price of HK$20, robot maker Beijing Geekplus advanced 5.4 per cent to HK$17.70 and telecommunications provider Beijing Xunzhong Communication eked out a 0.2 per cent gain to HK$13.58.
Wednesday was the fifth trading session of 2025 where multiple companies went public on the same day in Hong Kong. On June 30, three companies – Thai producer of coconut water IFBH, Chinese peptide maker Medtide and Chinese tech company Unisound AI Technology – completed their market debuts.