Victory Giant Technology Shares Surge 60% in Hong Kong's Biggest IPO This Year
Chinese printed circuit board supplier to Nvidia raises $2.57 billion in landmark listing
Quick Look
- Victory Giant Technology's shares surged up to 60% in Hong Kong trading on Tuesday following its blockbuster IPO, the city's biggest listing this year.
- The Chinese printed circuit board supplier to Nvidia raised HK$20.1 billion ($2.57 billion) at HK$209.88 per share, with shares last trading 46% higher at HK$306.8.
AI-generated summary
Why It Matters
This IPO represents the biggest listing in Hong Kong since Zijin Gold International's $3.2 billion IPO in September. Investor interest in large Hong Kong listings has been growing, particularly in tech-related sectors that have shown resilience amid market volatility linked to the Middle East conflict.
Shares in Victory Giant Technology surged as much as 60% on Tuesday, after the Chinese company's blockbuster initial public offering — the biggest in Hong Kong this year. The Chinese company, which supplies printed circuit board to Nvidia, priced its shares at 209.88 Hong Kong dollars in the IPO. Shares were last trading 46% higher at HK$306.8. Victory Giant had raised about HK$20.1 billion ($2.57 billion) in the city's biggest listing in about seven months. This makes Victory Giant Hong Kong's biggest IPO since Zijin Gold International's $3.2 billion IPO in September. Investor interest in large listings in Hong Kong has been growing, especially in tech-related sectors which have been resilient even amidst market volatility amid the current Middle East conflict. Last Thursday, shares of Hangzhou-based developer Manycore Tech tripled in their Hong Kong debut.
Open Questions
- What is Victory Giant Technology's market capitalization post-IPO?
- How does this IPO compare to other Chinese tech listings in 2026?
