Five Hong Kong IPOs List Tomorrow, Basic Semiconductor Achieves Record 4,811x Oversubscription

According to IPO subscription results announced today, five new Hong Kong stocks will debut tomorrow (July 8). Basic Semiconductor (09971), a silicon carbide power device manufacturer, priced shares at 31.62 HKD per share with net proceeds of approximately 766 million HKD. Its public offering portion achieved a record 4,811.72x oversubscription with a 0.17% lottery rate.

Autonomous driving developer YiControl (07687) priced at 87.92 HKD with net proceeds of 2.175 billion HKD, achieving 156.82x oversubscription. Self-driving company Momenta (06880) set the highest offering price at 295.6 HKD, raising 5.656 billion HKD with 412.63x oversubscription. AI vision firm Reefine Technology (07656) priced at 21.66 HKD with 5.29 billion HKD in proceeds and 3,645.06x oversubscription. E-paper display supplier Eink Technology (01770) delayed its listing to July 9 to finalize regulatory approvals.