News: The lower-priced NUOBIKAN surged more than three times on its first day of listing
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NUOBIKAN Artificial Intelligence Technology (Chengdu) Co., Ltd. saw its stock price soar more than three times on its first day of trading in Hong Kong, opening at HKD 319.8 and closing at HKD 351 at midday. The company issued 3.7866 million shares at a lower limit price of HKD 80 per share, raising a net financing amount of HKD 257 million. Despite the impressive stock performance, the company's financial situation is poor, with accounts receivable and impairment losses continuing to increase, and the average turnover days significantly rising
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