On the first day of listing, LESI GROUP surged by 30%, earning nearly HKD 1,000 per lot.

On the first day of listing, LESI GROUP (2540.HK) opened low and rose high, with an intraday increase of 31.82% to HKD 1.46, with a trading volume of approximately HKD 61.77 million, and a market value exceeding HKD 720 million.

According to reports, mobile advertising service provider LESI GROUP's IPO was priced at HKD 1.1 per share, at the lower limit of the price range of HKD 1.1 to 1.5 per share. The net proceeds raised amounted to HKD 84.73 million. The public offering was oversubscribed by 21.4 times, triggering a clawback mechanism. The final number of shares offered in the public offering increased to 37.5 million shares, accounting for 30% of the total global offering shares. The oversubscription rate for the placement portion was 0.5 times, with a 100% allotment rate, ensuring everyone gets a share.

The underwriters include ABCI, BOCI, CICC, and internet securities firm LongBridge.