Nvidia provider Victory Big sees shares soar 60% in Hong Kong debut

Shares in Victory Big Know-how surged as a lot as 60% on Tuesday, after the Chinese language firm’s blockbuster preliminary public providing — the most important in Hong Kong this yr.

The Chinese language firm, which provides printed circuit boards to Nvidia, priced its shares at 209.88 Hong Kong {dollars} within the IPO. Shares had been final buying and selling 46% greater at HK$306.8.

Victory Big had raised about HK$20.1 billion ($2.57 billion) within the metropolis’s greatest itemizing in about seven months. This makes Victory Big Hong Kong’s greatest IPO since Zijin Gold Worldwide‘s $3.2 billion IPO in September.

Investor curiosity in giant listings in Hong Kong has been rising, particularly in tech-related sectors, which have remained resilient regardless of market volatility tied to the present Center East battle.

Within the first quarter of 2026, Hong Kong’s IPO market raised HK$109.9 billion throughout 40 new listings, in response to a KPMG report. That was practically six occasions the quantity raised and thrice the variety of new listings in the identical interval final yr, KPMG mentioned.

“Almost 80% of funds raised got here from A+H and specialist know-how listings; each segments are anticipated to proceed supporting robust IPO efficiency this yr,” it added, referring to corporations listed in each mainland China and Hong Kong.

Different main IPOs on the Hong Kong Inventory Alternate to date this yr embody Chinese language chip designer Montage Know-how, whose shares surged greater than 60% on its buying and selling debut in February.

Shares of China-based AI startup MiniMax Group additionally doubled on its first day of buying and selling in Hong Kong, changing into the second main Chinese language developer of huge language fashions to go public.

On Thursday, shares of Hangzhou-based developer Manycore Tech, the primary of Hangzhou’s “six little dragons,” tripled in its Hong Kong debut.