Shares of SICC (HKG:2631) surged 8.88% in their trading debut on the Hong Kong Stock Exchange, reflecting strong investor interest in the semiconductor material company. The stock opened at HK$45.6, significantly higher than its initial public offering (IPO) price of HK$42.80 per share.

The impressive debut follows a highly successful IPO that raised HK$1.94 billion in net proceeds. The offering saw extraordinary demand, particularly from retail investors, with the Hong Kong public offer portion being 2,809.19 times oversubscribed. This overwhelming response triggered a clawback mechanism, increasing the allocation to public investors to 35% of the total offering. The international offering was also well-received, being 9.04 times oversubscribed.

Adding to the IPO's success, several cornerstone investors made significant commitments. Guoneng Environmental Protection Investment Group, Mirae Asset Securities (HK), SDG Asset Management (HK), H&T Intelligent Control International, and Lan Kun collectively were allotted about 36.2% of the global offering, underscoring the strong institutional interest in SICC. The robust demand and successful listing highlight investor confidence in the company's prospects within the growing semiconductor industry.