Hong Kong had its busiest day for initial public offerings (IPO) in nearly six months, with three companies making their trading debuts and three other firms building books.
On Monday, InnoScience Technology, a producer of semiconductor materials, rose 0.5 per cent to HK$31 from its listing price of HK$30.86. It raised HK$1.4 billion (US$180.4 million) via its IPO.
Xunfei Healthcare Technology, which operates medical information platforms, advanced 5.1 per cent to HK$87 from its listing price; it raised HK$582.54 million from its IPO. HealthyWay, a digital health and medical services platform, surged 36.7 per cent to HK$10.66 after raising HK$195 million.
Baidu-backed HealthyWay was the best performer among Hong Kong retail investors for Monday’s listings. It attracted 34.42 times the number of shares allocated to retail investors, while Xunfei Healthcare garnered 3.66 times and InnoScience 2.87 times.
The last time the Hong Kong exchange had three listings on the same day was on July 10.
Among the book builders, Chinese lender Yibin City Commercial Bank seeks to raise up to HK$1.87 billion with its global offering, which was unveiled on Monday. BrainAurora Medical Technology, a provider of medical diagnostics and digital therapies, is seeking HK$583.18 million, while Numans Health Food Holdings is looking to raise HK$272.50 million.