New Stock First Day | METASURFACE debuts on the market with an opening drop of 31.4% in the morning session

METASURFACE made its debut on the stock market, with each share priced at HKD 2.42. A total of 27 million shares were issued, with 1,000 shares per lot, resulting in a net amount of approximately HKD 12.03 million. As of the time of writing, the stock has dropped by 31.4% to HKD 1.66, with a trading volume of HKD 16.6204 million. METASURFACE is a precision engineering service provider headquartered in Singapore, offering precision engineering services to customers, including precision machining and welding services. According to a report by Insight Consulting, in 2023, the company's semiconductor division in the precision parts engineering industry in Singapore ranked fifth in terms of revenue, with a market share of approximately 3.3%. It is worth noting that during the public offering stage, METASURFACE received 2,480.61 times oversubscription. After buyback and reallocation, the final number of shares offered for public sale was 13.5 million shares, accounting for approximately 50% of the total shares offered. METASURFACE also became the second new stock in the GEM market in Hong Kong this year to have an oversubscription ratio exceeding a thousand times