Brief News: The largest IPO fundraising stock since the beginning of the year, VGT, surged on its first day of listing

The printed circuit board manufacturer VGT (Huizhou) Co., Ltd. saw a significant increase in its stock price on its first day of listing in Hong Kong, becoming the largest IPO of the year, raising approximately HKD 20 billion. The opening price was HKD 330, up 57% from the issue price, and in the afternoon it reported HKD 311.40, with a market capitalization of about HKD 300 billion. This issuance involved approximately 96 million shares, with 39% allocated to cornerstone investors, and the Hong Kong portion was oversubscribed by 400 times. The company plans to use about three-quarters of the IPO proceeds to expand its manufacturing business. Last year's revenue grew by 80%, and profits increased by about three times