MININGLAMP-W (02718), China's largest data intelligence application software provider, made a spectacular debut on the Hong Kong Stock Exchange, with its shares soaring 102.55% in early trading on Monday. The company's strong performance underscores robust investor interest in China's booming tech sector, particularly in artificial intelligence and data analytics.

The stock opened at HK$280 per share, representing a 98.58% increase from its initial public offering (IPO) price of HK$141. MININGLAMP-W's successful listing raised approximately HK$902 million in net proceeds, with the company issuing 7.219 million shares. The enthusiastic response from investors was evident in the oversubscription rates, with the Hong Kong public offer being 4,452.86 times oversubscribed and the international offering 13.93 times subscribed.

MININGLAMP-W specializes in marketing and operational intelligence solutions for both online and offline scenarios, leveraging large models, industry-specific knowledge, and multimodal data. The company's flagship product, the Second Needle System, along with other offerings such as Gold Data and WeCom Assistant, cater to various aspects of enterprise marketing strategies and operational designs. As businesses increasingly rely on data-driven decision-making, MININGLAMP-W's strong market debut signals growing confidence in the future of data intelligence applications in China's corporate landscape.