Victory Giant Shares Rise 60 Percent in Hong Kong Debut
Victory Giant shares rose 60 percent on Tuesday following a $2.6 billion IPO. The circuit board maker's debut is the city's largest listing in seven months.
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Shares of the Chinese circuit board manufacturer VICTORY GIANT TECHNOLOGY -A surged 60% during their market debut in Hong Kong on Tuesday. The rally followed a HK$20.1 billion ($2.6 billion) share sale, marking the largest listing in the city in approximately seven months. The company, which is headquartered in the southern Guangdong province of China, saw its shares open at HK$330, a significant premium over the initial offer price of HK$209.88.
