Hong Kong welcomed two initial public offering debut on Friday, with Manycore Tech (0068), one of Hangzhou Six Little Dragons, surged by 186.6 percent at one point to HK$21.84 on Futu Securities.
Its offer price is at HK$7.62. Each board lot of 500 shares earn HK$7,120, excluding fee. The company was oversubscribed by 1,589 times in retail tranche and 13.46 times in international tranche.
Gpixel Changchun Microelectronics (3277) rose 108.25 percent at one point to HK$83, compared to its HK$39.88 offer price. Earning a paper gain of HK$4,512 per board lot of 100 shares. The retail tranche saw an oversubscription of 1,137 times, while the international tranche was oversubscribed by 21.69 times.
