Movement Alert|Lingyi iTech Rises 6.09% at Open, H Shares Officially Debut on HKEX with 96x Oversubscription

Market Focus
Jun 26

On June 26, Lingyi iTech rose 6.09% at open, trading at HK$10.8, above its offer price of HK$10.18, with turnover of HK$636 million. The company's H shares officially began trading on the Main Board of the Hong Kong Stock Exchange.

The global offering comprised approximately 811.8 million H shares priced at HK$10.18 per share, raising net proceeds of approximately HK$8.152 billion. The Hong Kong public offering was oversubscribed 96.16 times with 162,822 valid applications, while the international offering was oversubscribed 10.27 times, reflecting robust investor demand. On the same day, the Shenzhen Stock Exchange announced the inclusion of Lingyi iTech in the Stock Connect eligible securities list, further broadening mainland capital access. The IPO attracted 19 cornerstone investors committing approximately US$406.9 million, including Honor, Sunny Optical, and Taikang Life.

Lingyi iTech is a global precision manufacturing leader providing one-stop intelligent manufacturing services covering AI terminals, servers, robotics, automotive, and low-altitude economy applications.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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