News: NSING TECH listed on the Hong Kong stock market, rising 15% in half a day

BambooWorks
2026.03.23 05:35
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NSING TECH Co., Ltd. listed on the Hong Kong Stock Exchange on Monday, opening up 32%, with a midday price of HKD 12.52, 15.92% higher than the offering price. This global offering consisted of 95 million shares, with an offering price of HKD 10.8, raising a net amount of HKD 944 million (USD 121 million). The Hong Kong public offering was oversubscribed by 130.83 times, and the international offering was oversubscribed by 1.51 times. The company reported revenue of HKD 960 million last year, with a net loss narrowing by 54.4%. The funds will be used for research and development, product upgrades, strategic investments, loan repayments, and working capital

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