Chinese Data Storage Firm Makes Tepid Hong Kong Debut After $900 Million Share Sale

Chinese data storage firm makes tepid Hong Kong debut after $900 million share sale

HONG KONG, Sept 8 : Shares of Shenzhen Longsys Electronics were barely changed in their Hong Kong debut on Tuesday, after the Chinese data storage products maker raised about HK$7.08 billion ($903 million) in a share sale.The stock last traded at HK$235.8, marginally lower than its offer price of HK$236. Hong

Longsys Set to Debut in Hong Kong After $903 Million Listing

Shenzhen Longsys Electronics Co. is set to begin trading in Hong Kong on Tuesday after raising HK$7.08 billion ($903 million) in an upsized share sale, testing the resilience of investor enthusiasm after a flurry of artificial intelligence supply chain offerings in the city.

Longsys Stock Slips in Hong Kong Debut Despite 40× IPO Demand

Longsys stock opened flat and then slipped below its offer price in its Hong Kong debut on Tuesday, handing investors an immediate reminder that a heavily subscribed IPO is not the same thing as a guaranteed first-day gain. Shares of Shenzhen Longsys Electronics Co. Ltd. (HKEX: 9976) were last reported at HK$235.60 at 9:55 a.m.…

Longsys begins trading in Hong Kong after raising $903M in share sale

Longsys' dual listing highlights the growing trend of Chinese tech firms leveraging Hong Kong's market for global investment and R&D expansion.

Longsys Sets Hong Kong IPO Price at Deep Discount, Raising Questions Over Valuation, Funding Needs and Downside Risks

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