ðŸ‡ðŸ‡° English, 28 October 2026, AI hardware
Chinese circuit board firm Dongshan Precision plunges at Hong Kong debut
Shares dropped as much as 6% after its debut in Hong Kong market on Wednesday.
Suzhou Dongshan Precision Manufacturing Co. slumped in its Hong Kong trading debut after an underwhelming HK$9.9 billion initial public offering (IPO),
The company is a key supplier of components for AI servers, and investor sentiment was haunted by the deepening sell-off across China’s artificial intelligence and tech hardware sectors.
The weak debut came despite the company pricing 113.8 million shares at HK$86.80 apiece, a 7.5% below its indicative maximum price and a 27% discount to the Tuesday close of its Shenzhen-listed stock.