Victory Giant (VGT) IPO Sees Shares Soar 60% in Hong Kong Debut

Victory Giant Technology's shares surged as much as 60% in its Hong Kong debut, pricing at 209.88 HKD and later trading at 306.8 HKD, a 46% increase. The company raised approximately HK$20.1 billion ($2.57 billion), marking the largest IPO in Hong Kong this year. This event represents the biggest listing in Hong Kong since Zijin Gold International's $3.2 billion IPO in September. The surge in investor interest aligns with a growing trend in tech-related listings despite ongoing market volatility.