HIPINE (02583.HK) Soars 248.3% to $103.1 by Midday After IPO
HIPINE Debut Performance: HIPINE (02583.HK) debuted today, opening at $84, which is a 183.8% increase from its listing price of $29.6, and closed midday at $103.1, reflecting a 248.3% rise.
Trading Volume and Price Fluctuations: The stock peaked at $130 and bottomed at $80 during the trading session, with a total volume of 2.51 million shares and a turnover of $212.23 million.
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Market Performance: The Hang Seng Index (HSI) surged 503 points to a four-year high of 27,359, closing at 27,281, up 425 points or nearly 1.6%, with a turnover of HKD151.62 billion, despite a temporary halt in southbound funds due to China's National Day holiday.
Semi-IPO Highlights: Two of the three semi-IPOs debuted on September 30 showed strong demand, with ZIJIN GOLD INTL rising 13.6% to HKD137, significantly above its listing price, and HIPINE soaring 64.8% to HKD174.7, while PATEO experienced a slight decline but remained 48% above its listing price.
HIPINE Debut Performance: HIPINE (02583.HK) debuted today, opening at $84, which is a 183.8% increase from its listing price of $29.6, and closed at $106, marking a total gain of 258.1%.
Trading Volume and Gains: The stock saw a trading volume of 2.82 million shares and a turnover of $244.68 million, resulting in a book gain of $7,640 per board lot of 100 shares, excluding handling fees.
HIPINE Debut Performance: HIPINE (02583.HK) debuted today, opening at $84, which is a 183.8% increase from its listing price of $29.6, and closed midday at $103.1, reflecting a 248.3% rise.
Trading Volume and Price Fluctuations: The stock peaked at $130 and bottomed at $80 during the trading session, with a total volume of 2.51 million shares and a turnover of $212.23 million.
Stock Performance: HIPINE (02583.HK) closed at $85.65 in the gray market, reflecting a 315.54% increase, and debuted at $84, up 183.8% from its listing price of $29.6.
Trading Activity: At market open, 1.4 million shares of HIPINE were traded, indicating strong investor interest.








