5 stories mentioning HKG:3277
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Gpixel Changchun Microelectronics (HKG:3277) said the stabilization period of its initial public offering ended on Thursday, according to a same-day filing with the Hong Kong bourse.The Chinese semiconductor company said the overallotment option was fully exercised during the stabilization period for 9.79 million shares at HK$39.88 apiece.
Hong Kong stocks pulled back Friday as investors remained cautious ahead of a pivotal weekend that could shape the near-term outlook for the Middle East conflict.The Hang Seng Index fell 233.93 points, or 0.9%, to close at 26,160.33, while the Hang Seng China Enterprises Index dropped 60.09 points, or 0.7%, to 8,845.02.U.S. President Donald Trump said a deal to end the Iran conflict appeared increasingly likely, and that talks between Washington and Tehran could resume over the weekend.He added that a two-week ceasefire could be extended, though it may not be necessary as Iran was seeking a deal.Elsewhere, Israel and Lebanon agreed to start a 10-day ceasefire after talks facilitated by Washington earlier in the week.In corporate news, two companies made their debut on the Hong Kong bourse.Gpixel Changchun Microelectronics (HKG:3277) closed nearly 76% higher at HK$70, compared with the initial public offering price of HK$39.88.Manycore Tech (HKG:0068) advanced 144% to end at HK$18.60, versus the IPO price of HK$7.62.
Gpixel Changchun Microelectronics' (HKG:3277) shares opened 80.6% above their initial public offering price in a solid Hong Kong debut on Friday morning.The Chinese semiconductor company opened at HK$72 per share, compared with the offer price of HK$39.88.
Gpixel Changchun Microelectronics (HKG:3277) raised HK$2.50 billion in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$39.88 per H-share, according to a Thursday after-market filing with the Hong Kong Stock Exchange.The Chinese semiconductor company offered 65.3 million H-shares in the global offering.The Hong Kong public offer was 1,138.21 times subscribed, with a final allocation of 6.5 million shares, representing 10% of the total offering.The international offering was 22.69 times subscribed, with a final allocation of 58.8 million shares, or 90% of the total offering.An over-allocation of 9.8 million shares was made under the international tranche.Cornerstone investors, including CPE Peepal Investment, HHLR Advisors, UBS Asset Management (Singapore), Arc Avenue Asset Management, Boyu Capital, and others, were allotted a combined 32.6 million shares, according to the filing.Gpixel Changchun Microelectronics is scheduled to debut on the Hong Kong bourse on Friday, April 17.
Hong Kong stocks closed lower Thursday as optimism over the Middle East ceasefire faded and signs emerged that the temporary truce between the U.S. and Iran was fraying.The Hang Seng Index fell by around 140.62 points, or roughly 0.5%, to end at 25,752.40, while the Hang Seng China Enterprises Index decreased by 65.48 points, or around 0.8%, to close at 8,611.83.Iran accused Israel of violating the ceasefire agreement Tehran reached with the U.S. earlier this week after Tel Aviv bombed targets in the southern suburbs of Beirut, southern Lebanon and the eastern Bekaa Valley. Israel said the air strikes hit more than 100 Hezbollah command centers and military sites in 10 minutes.U.S. Vice President JD Vance is set to lead a delegation to Islamabad to formalize a peace deal with Iran. The country's parliament speaker Mohammed Bager Qalibaf said a bilateral ceasefire or negotiations were "unreasonable" amid Israeli hostilities.Meanwhile, Hong Kong's private sector firms saw a renewed deterioration in operating conditions in March amid declines in output and total new business, S&P Global said in a monthly report.The reduction came following a historically strong five-month expansion period. Panelists said the Middle East conflict lowered sales amid a dampened consumer confidence and spending, as well as stock market performance.In corporate news, two firms filed to go public in Hong Kong.Chinese cloud-native spatial design software provider Manycore Tech (HKG:0068) is looking to raise up to HK$1.22 billion via the sale of 160.6 million shares at an indicative price range of HK$6.72 to HK$7.62 per share.Net proceeds will be used mainly to support international expansion, including building global sales teams and strengthening marketing across key overseas markets.Meanwhile, Gpixel Changchun Microelectronics (HKG:3277) is seeking to raise about HK$2.60 billion via the sale of offering 65.3 million H-shares at an indicative price of HK$39.88 per share.Net proceeds will be used primarily to fund research and development, including investments in next-generation CMOS image sensor technologies.