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Victory Giant Technology Huizhou Co., a Chinese supplier of Nvidia Corp., surged 50% in its Hong Kong trading debut.
Victory Giant Technology raised $2.6 billion in Hong Kong's largest IPO in seven months.
KEY POINTS
- Three quarters of IPO funds will expand production in China, with the rest targeting Southeast Asia.
- Victory Giant plans $30 billion in added capacity within three years, including $10 billion for Southeast Asia.
- North American customers account for 70% of Victory Giant's total revenue.
- The IPO listing price was about 47% lower than Victory Giant’s Shenzhen share price before debut.
COMPANIES
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