Chinese semiconductor companies Hosin Electronics and Amicro Technology experienced split momentum during their Hong Kong debuts on Thursday. Together, the two mainland firms raised approximately HK$1.78 billion from public market investors. Amicro Technology surged significantly higher at the open, whereas Hosin Electronics edged down despite securing the larger share of the total capital.
HONG KONG, Nov 12 : Shares of Chinese chip company Hosin Electronics are set to open 0.04 per cent lower in their Hong Kong debut on Thursday after it raised HK$1.07 billion ($137 million) in an initial public offering.
Amicro Technology, another Chinese chip company, is set to open 37.6 per cent higher after raising HK$709.7 million in its IPO.
Source: Reuters
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