Source: China – South China Morning PostMainland chip designer GigaDevice Semiconductor jumped more than 45 per cent on its first trading day in Hong Kong on Tuesday, as the Beijing-based firm’s debut catered to investor appetite for tech companies amid China’s push for self-reliance.
The firm’s shares started trading at HK$235, versus the offer price of HK$162. Its shares closed between HK$224.20 and HK$226.80 on the grey market on Monday evening, helping some investors cash in gains of about 40 per cent before the official debut,…Read More