New Stock IPO | Two Stocks to List Next Monday, FSession Speed Innovation Closes Up 44%

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Two new stocks will be listed next Monday (23rd), with online solutions provider Feisu Innovation (03355) closing up 44% in the dark pool trading.

According to YoYao Securities Trading Platform, Feisu Innovation reached a high of HKD 78 in the dark pool, compared to the IPO price of HKD 41.6, an increase of 87.5%; it closed at HKD 60.1, up 44.47%. One lot of 100 shares would result in a paper profit of HKD 1,850.

Platform-based integrated circuit (IC) design company Guomin Technology (02701) reached a high of HKD 12.31 in the dark pool, compared to the IPO price of HKD 10.8, an increase of 13.98%; it closed at HKD 11.64, up 7.78%. One lot of 200 shares would result in a paper profit of HKD 168.

Feisu Innovation is issuing 40 million H-shares, with 10% available for Hong Kong public offering and 90% for international placement. The IPO price range is HKD 35.2 to HKD 41.6, raising up to HKD 1.664 billion.

Guomin Technology is issuing 95 million H-shares, with 10% available for Hong Kong public offering and 90% for international placement. The IPO price will not exceed HKD 10.8, raising up to HKD 1.026 billion.

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