First day of new stock | Tianxing Medical (01609.HK) made its debut on the market with a strong 192.39% opening in the morning. The company is a domestic provider of sports medicine implants and devices.

According to the Securities Times app, Tianxing Medical (01609.HK) has been listed for the first time. The announcement shows that each share is priced at 98.5 Hong Kong dollars, with a total of 8.4219 million shares issued and 50 shares per lot. The net proceeds are approximately 758.4 million Hong Kong dollars. It is worth mentioning that the stock received 300,700 subscriptions for public offering in Hong Kong, and 16,800 were accepted, oversubscribed by 7823.13 times. As of the time of writing, the stock has risen by 192.39% to 288 Hong Kong dollars, with a turnover of 458 million Hong Kong dollars.