Chaozhou Three-Circle, Other Chinese Companies Debut in Hong Kong

By Megan Cheah

Shares of Chaozhou Three-Circle rose in their Hong Kong trading debut Thursday after it raised nearly US$915 million in a share offering.

The stock rose as much as 8.7% to 109.00 Hong Kong dollars, equivalent to US$13.09, from its offer price of HK$100.30. It has since pared its gains to trade at HK$100.90.

Chaozhou Three-Circle, which is already listed in Shenzhen, raised HK$7.16 billion through the sale of 71.4 million shares.

The company, based in China's Guangdong province, manufactures electronic ceramic materials and components used in telecommunications and data centers.

It aims to use part of the proceeds from its listing for investments in automation and overseas expansion, as well as to optimize its product performance.

Among other companies that listed Thursday, Guangdong Dtech's shares fell 0.5% to HK$378.00 from its HK$380.00 offer price. The printed circuit board equipment maker, which is also listed in Shenzhen, raised HK$4.80 billion selling 12.6 million shares.

Shares of another debutant, Rigol Technologies, dropped 28% to HK$33.06 from its offer price of HK$45.98 after raising HK$1.10 billion. Shanghai-listed Rigol makes electronic test and measurement equipment.

Zhejiang-based DKE Holding also started trading in Hong Kong Thursday, rising 8.2% from its initial public offering price of HK$78.64 each after a HK$402.5 million IPO.

The company, which creates display modules for electronic paper used in displays such as price labels, had delayed their Hong Kong listing by a day, citing additional time needed to finalize its share allocation announcement and obtain clearance from regulators.

These newly-listed companies are joined by Apple supplier Luxshare Precision Industry, which made its Hong Kong debut after raising HK$24.27 billion in the city's largest listing this year.

Write to Megan Cheah at megan.cheah@wsj.com

(END) Dow Jones Newswires

July 08, 2026 23:20 ET (03:20 GMT)