New Stock IPO | 3 new stocks debut, Baige Digital opens 2.9 times higher

All three new stocks opened higher on their first day of listing. BAIGE DIGITAL rose 2.92 times, with a net fundraising amount of HKD 466 million; ALEBUND-B rose 85.8%, with a net fundraising amount of HKD 1.181 billion; CREALIGHTS rose 75.4%, with a net fundraising amount of HKD 1.415 billion. All three had significantly oversubscribed public offerings, with winning rates of 10%, 6%, and 4%, respectively

Three new stocks debuted today, all opening high.

Insurance technology company Baige Digital ( 02672) opened at HKD 61.1, up 2.92 times from the offering price of HKD 15.6.

Biopharmaceutical company ALEBUND-B ( 09637) opened at HKD 42, up 85.8% from the offering price of HKD 22.6.

Optoelectronic interconnection product provider CREALIGHTS ( 01191) opened at HKD 199.9, up 75.4% from the offering price of HKD 114.

Baige Digital raised a net amount of approximately HKD 466 million. The public offering was oversubscribed 241 times, with a lot size of 200 shares and a winning rate of 10%.

ALEBUND-B raised a net amount of approximately HKD 1.181 billion. The public offering was oversubscribed 962 times, with a lot size of 100 shares and a winning rate of 6%.

CREALIGHTS raised a net amount of approximately HKD 1.415 billion. The public offering was oversubscribed 1295 times, with a lot size of 50 shares and a winning rate of 4%