Nvidia supplier Victory Giant sees shares soar 60% in Hong Kong debut

The Chinese company, which supplies printed circuit board to Nvidia, priced its shares at 209.88 Hong Kong dollars in the IPO. Shares were last trading 46% higher at HK$306.8.

Victory Giant had raised about HK$20.1 billion ($2.57 billion) in the city’s biggest listing in about seven months. This makes Victory Giant Hong Kong’s biggest IPO since Zijin Gold International’s $3.2 billion IPO in September.

Investor interest in large listings in Hong Kong has been growing, especially in tech-related sectors which have been resilient even amidst market volatility amid the current Middle East conflict.

Last Thursday, shares of Hangzhou-based developer Manycore Tech tripled in their Hong Kong debut.