New stock first day | Tianyue Advanced (02631.HK) first listed on the market, opening 6.54% higher in the morning. The company is a top three global manufacturer of silicon carbide substrates.

According to the Securities Times app, Tianyue Advanced (02631.HK) has become the first on the market. The announcement shows that each share is priced at 42.8 Hong Kong dollars, with a total of 47.7457 million shares issued, and 100 shares per lot. The net proceeds amount to approximately 1.9381 billion Hong Kong dollars. As of the time of writing, the stock has risen by 6.54% to 45.6 Hong Kong dollars, with a turnover of 456 million Hong Kong dollars.