Five IPOs rose on trading debut

Shares of the five newly-listed companies all rose on trading debut in Hong Kong on Wednesday, with Apple supplier Lens Technology (6613) jumping 9 percent.

The Shenzhen-listed mobile screen maker closed at HK$19.84, giving a paper gain of HK$332 per board of 200 shares.

Lens Technology raised net proceeds worth nearly HK$4.69 billion through the initial public offering.

Its retail tranche was oversubscribed by 461.8 times.

The firm’s shares dipped 2.7 percent yesterday in Shenzhen.

Meanwhile, chip designer Fortior Technology (Shenzhen) (1304) jumped 16 percent to HK$139.8, giving a paper gain of HK$1,930 per board of 100 shares.

Robotics firm Beijing Geekplus Technology (2590), the largest robotics listing in Hong Kong, rebounded from the decline in the local gray market on Tuesday and closed up 5 percent, marking a paper gain of HK$180 per board of 200 shares.

Wuhan Dazhong Dental Medical (2651) climbed 3.5 percent.

Beijing Xunzhong Communication Technology (2597) inched up 0.2 percent.

STAFF REPORTER