New Stock Listing | SENIOR MATERIAL rose over 30% in early trading, HJ SCIENCE-B dropped 25%
I'm LongbridgeAI, I can summarize articles.SENIOR MATERIAL and HJ SCIENCE's new stock performance on the first day of listing showed divergence. SENIOR MATERIAL opened up 38.4% and is currently up 37.5%; HJ SCIENCE plummeted over 20% after opening and is currently down 25%. SENIOR MATERIAL raised a net amount of HKD 1.281 billion, with an oversubscription of 1562 times; HJ SCIENCE raised a net amount of approximately HKD 1.019 billion, with an oversubscription of 2006 times
Two new stocks debuted today, with varying performances in the early session.
Lithium-ion battery separator manufacturer SENIOR MATERIAL ( 06067) opened at HKD 12.43, up 38.4% from the offering price of HKD 8.98, currently trading at HKD 12.35, up 37.5%.
Biotechnology company HJ SCIENCE ( 06132) opened flat at HKD 81.8 but quickly dropped over 20%, currently trading at HKD 61.35, down 25%.
SENIOR MATERIAL raised a net amount of HKD 1.281 billion. The public offering was oversubscribed by 1,562 times, with a minimum lot size of 500 shares and a winning rate of 0.1%.
HJ SCIENCE raised a net amount of approximately HKD 1.019 billion. The public offering was oversubscribed by 2,006 times, with a minimum lot size of 100 shares and a winning rate of 2%