Victory Giant Technology surges 50% in Hong Kong debut after US$2.6 billion offering

HONG KONG – Victory Giant Technology has made a spectacular debut on the Hong Kong Stock Exchange, with shares surging over 50% on its first day of trading. This significant leap, following a substantial US$2.6 billion offering, marks the city's largest IPO in nearly seven months and underscores a robust investor appetite for companies within the artificial intelligence supply chain.

The company, specializing in printed circuit boards for AI servers and other electronics, opened at a considerable premium and maintained strong momentum throughout the day. Its performance not only outperformed the broader market but also highlighted Hong Kong's continued role as a vital hub for major listings, particularly for mainland Chinese firms seeking to tap into international capital markets.

This successful debut comes at a time of global market volatility, yet it demonstrates a clear demand for innovative Chinese manufacturing. Dealmakers note that while scrutiny of some mainland companies may increase, the allure of substantial deals in promising sectors like AI remains strong. Victory Giant's performance is a testament to the resilience and potential of Hong Kong's IPO market, especially for companies at the forefront of technological advancement.

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In 2026, the Hong Kong market has successfully hosted a series of sizable China AI-linked listings that enjoyed strong post-IPO trading and the trend shows no sign of slowing down unless the US-Iran war uncertainty deepens.