Shares ofPCB direct imaging equipment provider Circuit Fabology Mocroelectronics Equipment Co. Ltd. (9630.HK) open up 73% at HK$439 in their Hong Kong trading debut on Friday, then rose slightly during the morning to close at HK$445.80 by the midday break, up 76.4%.
The company sold 12.84 million shares for HK$252.73 apiece, raising net proceeds of about HK$3.15 billion ($404 million). The public retail tranche for local investors was oversubscribed by 1,007 times, while the international placement was oversubscribed by 27 times. Nineteen cornerstone investors collectively purchased 6.41 million shares, accounting for about half of the total offering.
The company reported revenue of 1.41 billion yuan in 2025, up 47.6% year-on-year, while its net profit rose 80% to 290 million yuan.
The company plans to use 25% of the IPO proceeds to bolster its research and development capabilities, 18% to expand production capacity and about 27% on strategic investments and acquisitions. Another 20% is earmarked for expanding its overseas sales and service networks, with the remaining 10% for general working capital.
By Lau Chi Hang
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