Business2 sources
Divergent Trading Debuts for Chinese Chip Suppliers in Hong Kong
- Suzhou Denglin Technology's stock fell by as much as 8.6% after raising HK$1.4 billion.
- Jiangsu Xinde Semiconductor Technology's shares surged in their Hong Kong debut.
- The two companies raised a combined $301 million in their IPOs.
- The contrasting performances highlight investors' selective appetite for semiconductor stocks.
- The IPOs occurred amid market volatility, particularly affecting technology stocks.