Senasic (6675.HK) surged 9% during regular trading to HK$34.64, having jumped more than 3% within 5 minutes amid turnover of HK$20.66 million.

The company launched on June 17 at a subscription price of HK$18.36 before spiking 127% on debut to close at HK$41.7, followed by significant correction. As a leading global wireless sensing SoC provider, Senasic has secured three rounds of funding from Chendao Capital under CATL, with foundation investors including Sunwoda and Baolong Automotive. The public offering received 5,144-times oversubscription.