Overview
- Shares leapt as much as 59.6% in early trading Tuesday after the IPO priced at HK$209.88.
- Reports put funds raised between HK$17.3 billion and HK$20 billion, the most for any Hong Kong listing this year.
- Victory Giant supplies Nvidia and builds high‑end printed circuit boards used in AI servers and accelerators.
- The company said it will use most of the money to expand production in mainland China.
- Analysts say tight supply is lifting high‑end PCB prices for now and warn margins could ease as new capacity comes online.