FourSemi rises 1.1 times in the gray market on Monday, followed by Tongshifu

Shanghai FourSemi Semiconductor, a smart power amplifier chip design company, rose 1.1 times in the gray market on Monday.

It closed at HK$83, compared to the issue price of HK$40. FourSemi offer 12 million H shares, aiming to raise HK$600 million. 

But Copper craft manufacturing business Hangzhou Tongshifu Cultural and Creative closed at a price lower than the HK$67 issue price, falling 30 percent to HK$42. It offers 74 million H shares, aiming to raise HK$500 million.

Two new stocks will make their Hong Kong trading debut on Tuesday.

Gloria Leung