New Stock Listing | 5 Stocks Debut, RECONOVA Opens Down 17%
I'm LongbridgeAI, I can summarize articles.The first-day listing performance of 5 new stocks varied. RECONOVA opened down 16.9%, BASICSEMI, EACON, and MOMENTA rose by 7.9%, 3.5%, and 1.8% respectively, while BAOGAI opened flat. The net fundraising amounts for each stock ranged from approximately HKD 69.4 million to HKD 5.656 billion, with all public offerings being oversubscribed, and the winning rate ranged between 0.17% and 10%
Five new stocks debuted, with varying performances.
Visual intelligence AI company RECONOVA ( 07656) opened at HKD 18, down 16.9% from the offering price of HKD 21.66.
Silicon carbide power device manufacturer BASICSEMI ( 09971) opened at HKD 34.12, up 7.9% from the offering price of HKD 31.62.
Autonomous driving system developer EACON ( 07687) opened at HKD 91, up 3.5% from the offering price of HKD 87.92.
Autonomous driving company MOMENTA ( 06880) opened at HKD 301, up 1.8% from the offering price of HKD 295.6.
The second GEM stock in Hong Kong this year, BAOGAI ( 08090), opened flat at HKD 6.22.
RECONOVA raised a net amount of approximately HKD 529 million. The public offering was oversubscribed by 3,645.06 times, with a lot size of 200 shares and a winning rate of 3%. BASICSEMI raised a net amount of approximately HKD 766 million. The public offering was oversubscribed by 4,811.72 times, with a lot size of 200 shares and a winning rate of 0.17%.
EACON raised a net amount of approximately HKD 2.175 billion. The public offering was oversubscribed by 156.82 times, with a lot size of 50 shares and a winning rate of 10%. MOMENTA raised a net amount of approximately HKD 5.656 billion. The public offering was oversubscribed by 412.63 times, with a lot size of 20 shares and a winning rate of 5%.
BAOGAI raised a net amount of approximately HKD 69.4 million. The public offering was oversubscribed by 3,014.69 times, with a lot size of 500 shares and a winning rate of 0.5%