Brief News: GIGADEVICE's stock price rose 40% at noon after its listing
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GIGADEVICE Technology Group Co., Ltd. was listed in Hong Kong on Tuesday, opening up 45% to HKD 235, and closing up 40% to HKD 226.8 at noon. The company offered 28.92 million shares at a price of HKD 162 per share, raising a net amount of HKD 4.61 billion, with the public offering oversubscribed by 541 times and the international placement oversubscribed by 17.5 times. The company mainly provides a variety of chip products, with revenue of 4.15 billion yuan in the first half of 2025, a year-on-year increase of 15%, and a profit of 575 million yuan, a year-on-year increase of 11.3%
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