Chinese Chip Makers Open Mixed on Hong Kong Stock Exchange

Chinese chip makers debuted with mixed results on the Hong Kong stock exchange after raising billions.

Two mainland Chinese semiconductor companies experienced contrasting fortunes during their trading debuts in Hong Kong after raising a combined HK$2.2 billion. Suzhou Denglin Technology saw its shares drop in morning trade despite pricing at the top end of its range, while its peer performed differently. The divergent market entry highlights cautious investor sentiment toward semiconductor listings.

• The amount raisedThe initial public offerings for the two semiconductor firms secured a combined HK$2.2 billion.
• Share pricingSuzhou Denglin Technology priced its shares at HK$231 before dropping by as much as 8.6% in morning trade.
• Market contextThe contrasting debuts reflect selective investor appetite for technology stocks on the Hong Kong exchange.