The first day of new stock | Saichu Technology (02571) first listed, opening with a 2.39% increase in the morning session.

Seamless Technology (02571) made its debut on the stock market. The announcement shows that the price per share is HK$12.99, with a total of 33,334,000 shares issued, and 200 shares per lot, with a net amount of approximately HK$359 million. As of the time of writing, the stock has risen by 2.39% to HK$13.3, with a trading volume of HK$63.33 million. According to public information, Seamless Technology is a Chinese technology company specializing in intelligent connected vehicle (ICV) simulation testing technology. The company is primarily engaged in the design and development of ICV simulation testing products and provides related testing, validation, and evaluation solutions. ICV refers to vehicles equipped with advanced onboard sensors, controllers, brakes, and other devices, integrating advanced communication and networking technologies. According to Frost & Sullivan data, based on 2023 revenue estimates, the company is the largest market participant in China's ICV testing, validation, and evaluation solution industry, with a market share of approximately 5.3%. Similarly, based on 2023 revenue estimates, the company is the largest market participant in China's ICV simulation testing software and platform market, with a market share of approximately 5.9%. The company is also one of the few market participants in China that can provide one-stop ICV testing, validation, and evaluation solutions.