New Stock First Day | LAOPU GOLD debuts on the market with a 59.26% opening surge in the morning session

LAOPU GOLD made its debut on the stock market, with an announced price of HKD 40.5 per share, issuing a total of 22.3689 million shares, with 100 shares per lot, raising a net amount of approximately HKD 827 million. As of the time of writing, it surged by 59.26% to HKD 64.5, with a trading volume of HKD 4 billion. It is reported that LAOPU GOLD is a brand that promotes the concept of "ancient gold" certified by the China Gold Association. According to data from Frost & Sullivan, based on the 2023 revenue, the company holds a market share of 2.0% in the Chinese ancient gold jewelry market and 0.6% in the gold jewelry market. As of the latest feasible date, the company has opened 33 self-operated stores in well-known commercial centers in 14 cities in China. According to Frost & Sullivan, the company is the only brand among the major brands in the Chinese gold jewelry market that focuses on designing, manufacturing, and selling ancient gold products. In 2022 and 2023, the company's single-store sales ranked first for two consecutive years among all gold jewelry brands in China