--- title: "Hong Kong Stock Movement: DEEPZERO surged 265.8% on its first day of listing, with oversubscription triggering a market frenzy, and the stock price skyrocketing by 500%!" type: "News" locale: "en" url: "https://longbridge.com/en/news/287862029.md" description: "DEEPZERO surged 46.50%; Zhipu rose 5.47%, with a transaction volume of HKD 1.088 billion; MINIMAX-W fell 2.00%, with a transaction volume of HKD 757 million; Dipu Technology fell 8.42%, with a transaction volume of HKD 354 million; Haizhi Technology Group fell 2.13%, with a market value of HKD 23.9 billion" datetime: "2026-05-28T05:07:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287862029.md) - [en](https://longbridge.com/en/news/287862029.md) - [zh-HK](https://longbridge.com/zh-HK/news/287862029.md) --- # Hong Kong Stock Movement: DEEPZERO surged 265.8% on its first day of listing, with oversubscription triggering a market frenzy, and the stock price skyrocketing by 500%! **Hong Kong Stock Movement** DeepZero surged 46.50%. Based on recent key news: 1. On May 28, DeepZero continued its strong rise on the second day of listing, at one point rising over 65%, reaching a high of HKD 335.2, a cumulative increase of 500% from the issue price of HKD 55.5. The stock received an oversubscription of 5,480.23 times during the public offering phase, with a strong market response driving the stock price significantly higher. Source: Zhitong Finance 2. On May 27, DeepZero debuted, opening at HKD 155, up 179.3% from the listing price of HKD 55.5, and closing at HKD 203, up 265.8% from the listing price. The stock performed strongly on its first trading day, with a trading volume of 3.4602 million shares, indicating high investor interest. Source: Economic Information Daily 3. On May 26, DeepZero performed well in the dark market, closing at HKD 149, up 168.5% from the pricing. The strong performance in the dark market laid a good foundation for its official listing, attracting significant investor attention. Source: Futu Trading Platform AI industry demand is strong, and market enthusiasm is high. **Stocks with High Trading Volume in the Industry** Zhizhu rose 5.47%. Based on recent key news: 1. On May 27, Zhizhu's market capitalization surpassed HKD 600 billion, driving a comprehensive explosion in the Hong Kong stock AI application market. Funds accelerated from "model expectations" to "landing scenarios," with Zhizhu's demonstration effect boosting market sentiment and continuously driving up the stock price. Source: Zhitong Finance 2. On May 26, Zhizhu was included in the Hang Seng Tech Index, with market expectations of passive fund inflows, and the stock opened up 2.03%. This move marks an increase in the Hong Kong Stock Exchange's inclusivity towards AI companies, driving up the stock price. Source: Daily Economic News 3. On May 25, Zhizhu and MINIMAX's stock prices surged, with Zhizhu's market capitalization reaching HKD 570 billion, reflecting high market enthusiasm for AI concepts, and the stock price hitting a historical high. Source: Wall Street News Hong Kong's AI sector sentiment is high, with significant fund inflows. MINIMAX-W fell 2.00%. Based on recent key news: 1. On May 26, MINIMAX-W was included in the Hang Seng Tech Index. Although the stock price fell in the short term, it is viewed as a positive factor in the long term. The component stock adjustments announced by the Hang Seng Index Company will take effect on June 8, expected to bring passive fund inflows. Source: Zhitong Finance 2. On May 27, UBS reported that MINIMAX-W's annual recurring revenue growth is accelerating, with expectations to achieve USD 1 billion ARR by the end of 2026. Although the unlocking of shares in July may increase volatility, the company has communicated with investors to manage the impact. Source: UBS 3. On May 26, MINIMAX reached a deep cooperation with Alipay, adopting an AI payment full-stack solution covering multiple scenarios. This cooperation is seen as an important layout for the company in the AI payment field. Source: Viewpoint Network The Hang Seng Tech Index undergoes structural upgrades, with AI stocks receiving attention Dipu Technology fell by 8.42%. Based on recent key news: 4. On May 27, Dipu Technology signed a strategic cooperation agreement with Lenovo Telecommunications and PCCW Enterprises to promote enterprise AI applications. This cooperation aims to promote trustworthy AI solutions in the Greater Bay Area and Southeast Asian markets, enhancing the digital capabilities of enterprises. After the announcement, the stock price initially rose by 16.76%, but then fell back. 5. No other significant news recently. 6. No other significant news recently. Market volatility is significant, and attention should be paid to macroeconomic dynamics. **Stocks ranked at the top of the industry by market capitalization** Haizhi Technology fell by 2.13%. Based on recent key news: 1. On May 28, BOC International initiated coverage of Haizhi Technology with a "Buy" rating and a target price of HKD 80.81. Benefiting from the rapid development of AI Agents and policy support, the company expects to achieve a 34% compound annual growth rate in revenue between 2025 and 2028. This news drove a short-term rise in the stock price. 2. On May 27, Haizhi Technology's stock opened high and rose by 6.96% at one point, with significantly increased trading volume. BOC International's research report pointed out that the company's AI applications in areas such as financial risk control have broad prospects, and the market holds an optimistic view of its long-term value. 3. On May 26, the market held a cautious attitude towards the valuation recovery phase of Haizhi Technology. Although the company's revenue is steadily growing, ongoing losses and the stability of profits still need time to be tested, leading to pressure on the stock price. The AI industry is growing rapidly, and policy support is evident ### Related Stocks - [02723.HK](https://longbridge.com/en/quote/02723.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [01384.HK](https://longbridge.com/en/quote/01384.HK.md) - [02706.HK](https://longbridge.com/en/quote/02706.HK.md) ## Related News & Research - [NAVER Expands AI Infrastructure With NVIDIA to Serve Surging Global AI Demand](https://longbridge.com/en/news/288974522.md) - [Forget AI Models. 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