Montage Technology, a Chinese semiconductor design company, jumped 57 percent on its first day of trading after listing in Hong Kong, CNBC reported on Feb. 9 local time.
Montage Technology is already listed in mainland China, and the listing brought its market value to about $27 billion, according to LSEG data.
Montage Technology set its IPO price at HK$106.89, the top of the indicated range. The stock jumped to HK$168 shortly after the listing and was still up 52 percent at the close. The IPO was subscribed 700 times by Hong Kong retail investors and 38 times by international investors, CNBC said.
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Chi-gyu Hwang
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